Loan Catagories

Jerry's Avatar

Jerry

30 Oct, 2021 09:23 PM

I am new to MoneyDance and have an issue with a new auto loan. I setup the loan through new accounts and everything looks good. However when recording a transaction via a reminder that I setup under loan-actions, only the interest (which is $0 on a 0% loan) is recorded on the accrual's on the budget. When creating the loan I selected the category for interest and the escrow category which i assume is for principle. How do I get the principle to record on the budget. Thanks! Jerry

  1. 1 Posted by Jwrry on 01 Nov, 2021 02:35 PM

    Jwrry's Avatar

    Resolved. I see that loan principle is recorded under accounts not expenses.

  2. Maddy closed this discussion on 15 Dec, 2021 11:20 AM.

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