How to setup an existing loan account

kannan's Avatar

kannan

14 Jul, 2019 05:42 AM

I have a loan account that I have been paying down for some time now.

How do I set it up in moneydance, so that the APR, payment and interest calculations are accurate,
but I bring it to current state, without having to enter all payments I have made so far?

  1. 1 Posted by kannan on 14 Jul, 2019 06:18 AM

    kannan's Avatar
  2. 2 Posted by kannan on 14 Jul, 2019 06:36 AM

    kannan's Avatar

    > The instructions don't quite cut it though.
    >
    > According to the archived article, the sidebar for the loan does update to reflect the new payments remaining.
    >
    > However, as I make additional payments through reminder transactions, the register stilll works off the original loan amount, showing a balance that is incorrect and misleading.
    >
    > I would think that should also be reflected with some kind of an updated register entry to reflect earlier payments, but that is not seen.
    >
    > Still lost, I guess.

    This all fixed itself after I went out of and back into the account. Still, not exactly intuitive.

  3. kannan closed this discussion on 14 Jul, 2019 07:47 AM.

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