tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/1464-setting-up-loan-schedules-once-imported-from-quickenInfinite Kind: Discussion 2016-06-03T17:40:22Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/392767092016-02-27T03:50:57Z2016-02-27T03:50:57ZSetting Up Loan Schedules, once imported from Quicken<div><p>I'm migrating my data from Quicken and I'm stuck when it comes
to loans.</p>
<p>There are two active loan accounts and several inactive ones.
For the two active ones, I cannot determine how to see the loan
payment schedule or schedule the transactions from those loans so
MoneyDance will automatically calculate the Interest and
Principal.</p>
<p>When I select the Loan Account, If I click the menu for
Account->Edit Account, I get one screen. It allows me to set the
initial liability, which wasn't necessary because there was an
Opening Balance transaction. However, it does not allow me to set
the interest rate or anything else needed to set up the Loan, nor
does there appear to be anything else I can do to have it work as
if I had set up the loan from scratch.</p>
<p>How do I handle this so that the loan accounts I have been using
remain the same accounts?</p></div>bdanieltag:infinitekind.tenderapp.com,2009-01-14:Comment/392767092016-02-27T21:27:57Z2016-02-27T21:27:57ZSetting Up Loan Schedules, once imported from Quicken<div><p>I am not sure if you perused the FAQ's on migrating from here:
<a href="http://help.infinitekind.com/kb/importing-data-from-banks-and-other-programs">
http://help.infinitekind.com/kb/importing-data-from-banks-and-other...</a></p>
<p>I wonder if the loan migrated over as a liability account
instead of a loan account. My initial thought would be to input an
existing loan account as described on page 70 for the user guide
which you can get here: <a href="http://help.infinitekind.com/kb/importing-data-from-banks-and-other-programs">
http://help.infinitekind.com/kb/importing-data-from-banks-and-other...</a></p>
<p>If you could send a screen shot from the current loan page and a
screen shot of the loan transaction from both the check register
and the loan account. Please make sure the transaction is open for
the splits. Depending on how the transactions are currently
recorded we may be able to batch change the transactions into the
loan account if the loan migrated as a liability account.</p>
<p>Tom Freeman<br>
Infinite Kind Support</p></div>Tom Freemantag:infinitekind.tenderapp.com,2009-01-14:Comment/392767092016-02-28T02:09:41Z2016-02-28T02:09:41ZSetting Up Loan Schedules, once imported from Quicken<div><p>Hello Tom…</p>
<p>I have looked through the majority of the most relevant articles
in that link. I’m migrating from Quicken for Windows 2016.
The instructions I followed were from this link:</p>
<p><a href="http://help.infinitekind.com/kb/importing-data-from-banks-and-other-programs/how-can-i-transfer-my-data-from-quicken-into-moneydance">
http://help.infinitekind.com/kb/importing-data-from-banks-and-other...</a></p>
<p>… I followed the “If you exported … into a
single file”, which involves a two step process.</p>
<p>(I now note that the article at the next link describes a one
step process, but was written five months earlier.)</p>
<p><a href="http://help.infinitekind.com/kb/importing-data-from-banks-and-other-programs/importing-data-from-quicken-in-qif-format">
http://help.infinitekind.com/kb/importing-data-from-banks-and-other...</a></p>
<p>In any case, you are exactly right. The loans came over as
Liabilities.</p>
<p>Attached are the screen shots you requested. I should note that
Quicken, for reasons unknown to me, was adding two blank split
transactions for the automatically posted payments (like your
payment reminders, I guess).</p>
<p>Please let me know what process I should follow to make this
work. I looked up “Liability to Loan” and tried
selecting all the transactions in the Liability account and doing a
batch change, but that didn’t result in all the transactions
moving over to the Loan account. Hm.</p>
<p>Help if you can?</p>
<p>->Brent</p></div>bdanieltag:infinitekind.tenderapp.com,2009-01-14:Comment/392767092016-03-04T17:40:06Z2016-03-04T17:40:06ZSetting Up Loan Schedules, once imported from Quicken<div><p>Your loans payments have been $325, but the loan set up in MD
lists the payments as $324.74.</p>
<p>If the payments matched it would be a matter of sorting the
check register by description, using click top shift click bottom
to gather the loan transactions. Then right click select batch
change > account. Select the loan account.</p>
<p>Right now the issue is to determine why the two payments don't
match. Can you check the interest recorded in the first paymetn and
see how it compares to the interest listed in the loan set up for
the upcoming payment..</p>
<p>Tom Freeman<br>
Infinite Kind Support</p></div>Tom Freeman