Loan account - how to split proceeds
Recently converted from Quicken and my current mortgage came across as a liability account instead of a loan. I followed the steps and created a new loan account and redirected my previous transfers to the new account (only a dozen or so transactions thanks to a recent re-finance).
My question is how do you split the opening balance. Typically the loan proceeds get cut up into different places (taxes, previous mortgage, etc), but it will not let me split the initial transaction that sets the balance. Splits don't even seem to be an option in a loan.
Bit of a problem because I actually have a 25 line split for my opening balance in quicken, not to mention my old mortgage now owes me money since the inbound payment is the full amount of the new mortgage instead of the payoff amount....
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netr@cer closed this discussion on 12 Mar, 2023 02:21 PM.