tag:infinitekind.tenderapp.com,2009-01-14:/discussions/problems/83706-mortgage-payments-not-factoring-interest-and-escrowInfinite Kind: Discussion 2022-09-26T22:18:55Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/558218122022-09-21T23:15:37Z2022-09-21T23:15:38ZMortgage payments not factoring interest and escrow<div><p>when i mark my transaction from my checking as a payment to my mortgage account the total paid is all showing as principle reduction. How can i make the payments reflect escrow and interest. I followed the guide on how to set up the mortgage account as I was paying on it prior to using MoneyDance and it all set up perfectly just can figure out how to make it reflect correctly</p></div>bvanmarrtag:infinitekind.tenderapp.com,2009-01-14:Comment/558218122022-09-22T00:31:19Z2022-09-22T00:31:19ZMortgage payments not factoring interest and escrow<div><p>If you have a loan account in Moneydance, Splits of payments are only handled automatically if a specialised reminder is created within the loan account. Moneydance cannot perform any calculations if you are just entering a transfer transaction in a bank account by entering the loan account as the category.</p>
<p>See the Knowledge Base article for more information on Loan Account reminders:</p>
<p><a href="https://infinitekind.tenderapp.com/kb/loan-accounts/schedule-loan-payment-reminder">https://infinitekind.tenderapp.com/kb/loan-accounts/schedule-loan-p...</a></p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/558218122022-09-22T15:50:40Z2022-09-22T15:50:40ZMortgage payments not factoring interest and escrow<div><p>Thank you! This helps, I just set up the reminder.</p></div>bvanmarr