On Apr 6, 2009, at 4:36 PM, ciara belle wrote: > completely stumped; > > i have a monthly loan payment - that i just set up to be scheduled in > MW... but when i send the money over to that 'other' bank (transfer) > that other bank doesn't list the full payment in it's statement as > received (i download transactions from both). that amount is for > principal and interest (which changes after each payment)... so it > shows just 1 portion as a line item (the part for principal) > > so when downloaded the statement for the bank receiving the payment - > i noticed they dont show a 'deposit' of the total amount sent to that > 'account' -- rather they show a deposit for the portion of the > principal - and the other as an interest payment.... (not a deposit - > nor a balance change) > > so i tried to put in one transaction in the 'sending' bank - split - > 1 line for interest (which i dont mind changing each month after the > fact) and one for principal -- but the principal portion has to be a > Transfer -- and MW wont let me put a split as a transfer.. > i don't want 2 transactions -- as it was just one when i sent it.. > > how do i split this 1 transaction so that it works (if i leave it > whole as the transfer it shows a higher payment to principal than i > made). > > (i did create a bucket for the loan interest (since its tax > deductible)
You would have to create the split and then change the individual split child transactions to transfers. Now for my advice: Don't bother tracking the interest part of the payment, just make the payment. You'll get a summary from your bank breaking out the interest at year end for taxes and it will save you lots of work. Peace, Kevin Hoctor [email protected] 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 [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
