Loan Payments into Budget

simon's Avatar

simon

29 Oct, 2019 11:53 AM

I have a loan account setup with zero interest. How can I the loan payments to show in my budget against the actuals

  1. Support Staff 1 Posted by Maddy on 29 Oct, 2019 06:32 PM

    Maddy's Avatar

    Hi Simon,
    Thank you for contacting Moneydance support.

    Which version and build of Moneydance are you using?
    To check, open Moneydance and select Help --> About Moneydance (or Moneydance --> About Moneydance on a Mac) where the version and build number will be displayed.
    Can you let me know which operating system you're running on your computer/s?

    Which budget format are you using?
    There are two types of budget available within Moneydance, and you can read about them both in this section of the knowledge base.

    Go to Tools —> Budget Manager, and select ‘New’. You can then enter the budget name and select the ‘period’.
    Selecting either Weekly, Biweekly, Monthly or Annually will create budget using this time period, and the 'Newer' budget format.
    Selecting Mixed Interval will create an older style budget, which can have categories with different time intervals.

    I would recommend using the 'Mixed Interval' format. Using this budget type, you can amend the start and end date for each budget item, and they're not set as the specific month/year etc.

    I hope this information is helpful. Please let me know if you have further questions or need any assistance.

    --
    Maddy, Infinite Kind Support

  2. 2 Posted by simon on 29 Oct, 2019 07:33 PM

    simon's Avatar

    HI

    I am using version is 2019.3 and using the new budget.

    I have two loan accounts setup and cannot see how the payments into those accounts show on my budget against budgeted amounts.

    Thankyou

  3. 3 Posted by mhoggie on 29 Oct, 2019 11:41 PM

    mhoggie's Avatar

    just a user,

    There is an issue with MD budget where you cannot budget transfers between accounts with the "new budget" style. You have to select the "mixed interval - old style" period when you set up your budget in order to use the "mixed interval - old style" budget. The old style budget will allow you to budget the loan payments with one caveat. You cannot pickup the payment in total, but have to select the loan account and the interest category as two separate entries in your budget. Not a problem if your not paying interest, but with a normal loan the principal and interest that change every month, you can't really budget accurately.

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