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A mortgage payment is usually repayment of principal plus interest. Thus it's a split transaction: 1. a transfer from your bank account to the loan account categorized as Mortgage > Principle , and 2. an interest expense categorized as Mortgage > Interest.
I can't figure out how to enter this in Skrooge. In Operations view you can either set the edit panel to Transfer in order to set the entire payment as a transfer to the loan account, or you can set the edit panel to Split and enter the Interest and Principal amounts but there's no way to set the latter sub-operations as a transfer. I have some old transactions (operations) for mortgage payments that I think I imported from Quicken that are represented correctly. In my bank account they are split into Mortgage > Interest and (uncategorized), and display with Skrooge's double-arrow transfer icon in the Mode column along with "Sched"; in the loan account I only see the Mortgage > Interest part with Skrooge's transfer icon. But how can I enter new loan payments similarly in Skrooge? It's probably something to do with editing the Sub-operations of the split operation but I am far from a sub-operation expert . Thanks! Great program, I donated. |
Registered Member
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request was placed to allow easy transfer in split transactions, but it is not available yet.
In the meantime: - create a transfer from the payment account to the loan account for the principal of the loan - create a split transaction for the interests and potential other expenses in the payment account - select both and merge sub-operations so you get one single (split) transaction in your payment account Hope this helps. Regards |
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I don't know much about finance, but I know that mortgages are always divided into two parts - the amount you borrowed and the interest you also have to pay.
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Registered Member
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I know that there are specific steps to follow when everyone pays or chooses to pay their mortgage. I don't know that because it seems too complicated.
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Quote removed by moderator
^ this looks like a spam post?! |
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yeah, there are plenty of off-topic, nonsense topics most of them with links to suspicious webs from users with that only one posts. I usually report those and block the users, but they come back quite often |
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Please everyone: do NOT answer spam and please do NOT quote them, just report the issue
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