On Dec 19, 2008, at 7:27 PM, mhadja...@gmail.com wrote: > What if you do not know your total amount left (with interest). I also > do principle reductions. That was the reason why I wanted to split up > both principle payments and interest payments. > Mark,
You should be able to get a current balance for your loan from either the latest statement or the bank's website. > By having the principle starting balance, then adding interest each > month, as well as subtracting the monthly payments, that'll show that > i'm paying the loan down. If I don't create an 'Interest' bucket, i'm > not sure how that will affect my cash flow reporting. Are the buckets > needed for reporting? They are needed for reporting but the interest isn't something you can pay less or more of so it doesn't directly affect your cash flow. If you want to break up your payment into principal and interest with a split, that will work. It just may be unnecessary since the bank reports total interest paid on loans. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to no-thirst-software@googlegroups.com To unsubscribe from this group, send email to no-thirst-software+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
