Instead of entering expenses and losses and SellXfr, I'm just adding all gains, losses, expense into a single number and then entering that as a DivReinv transaction. I lose the granularity of being able to track writeoffs, expenses, and gains separately. But it appears to be maintaining the cash value of my portfolio and my annual ROI in the investment performance report correctly. Time will tell.
If anyone else is tracking P2P loans in Moneydance, please share your method.
I agree that tracking notes individually is not useful. I created two custom securities, one for P2P loans and one for in-funding loans, because Lending Club and Prosper both split those out separately.
For the in-funding loans, I just enter a buy or sell each month to reconcile those amounts.
For funding loans, I will enter some or all of the following each month, based on statements:
• Buy for purchased loans.
• Sell for principal received.
• Sell for charged off loans (remaining principal) with price set to 0.
• Div for interest, late fees received, recoveries, etc. I put the various fees in as separate fee categories, similar to how you would enter commissions for a stock purchase.
• MiscInc or MiscExp if the cash balance needs to be adjusted slightly due to rounding.
• Buy/Sell shares if principal needs to be adjusted slightly due to rounding.