Principle is now supported. To use, when creating a Loan deposit, make sure you enter a split transaction. The first entry is marked as principle, the second is marked as interest. Once recorded, the My Transactions page will now give you a principle total instead of complete total. Additionally, if you have a Transfer setup in My Bills that transfers to a Loan, we will first record the transfer then take you to a split transaction where you can modify the interest paid on the loan payment. If you have existing deposit transactions, you should now be able to create them as split transactions to record the correct principle. Please let us know if you find any issues.
02/14/2008 01:51:07
support
Administrator
Re:Car Loan Setup
Thank you for the feedback. This currently is not supported. We are looking into different ways of supporting this. Most likely, we'll track your first amount in a split transaction as the principle as well as show the text "principle" next to it if a loan account is selected. We can then adjust your loan balance account based on the principle amount only. We'll reply to this message when its completed.
02/13/2008 01:14:55
Afzar
User
Car Loan Setup
I have a car loan with monthly payments ofcourse, how do I set this up so that when I make a payment it will reduce the principal from the loan. I know that I could use the split to categorize interest seperately
