Re: Mortgage amortization no longer working properly
Kobac <slatus@*delete_this_part_to_reply*optonline.net>
| Newsgroups | alt.comp.software.financial.quicken |
|---|---|
| Organization | A noiseless patient Spider |
| Message-ID | <[email protected]> |
On 01/21/2023 4:36 PM, John Pollard wrote: > On Saturday, January 21, 2023 at 2:58:07 PM UTC-6, Kobac wrote: >> On 01/14/2023 1:59 PM, John Pollard wrote: >>> On Saturday, January 14, 2023 at 12:51:48 PM UTC-6, John Pollard wrote: > >>>> Next, while the same loan payment Reminder was selected, >>>> I clicked its Edit button, and opened the split in the resulting dialog. >>>> At that point, the split had become hosed, >>>> just as did the previous test loan payment transaction I entered. > >>> Sorry, there is one wrong word in that paragraph, making the whole thing wrong. >>> That paragraph should read (emphasis added): >>> >>> Next, while the same loan payment Reminder was selected, >>> I clicked its ENTER button, and opened the split in the resulting dialog. >>> At that point, the split had become hosed, >>> just as did the previous test loan payment transaction I entered. > >> You may not be surprised by this, but the same thing happens with a >> regular loan too. > > I'm not surprised because I assumed the problem occurred when the > "Enter Transaction" button is clicked during the manual Enter process for > all loan payment transactions. > > I never thought it had anything to do with > the type of loan - and that's largely because, in Quicken, there's really only > one loan type: a traditional mortgage loan. Every Quicken manual loan is > constructed using the criteria for a traditional mortgage loan. > >> I just paid my car loan and it put the entire payment >> on a blank line with no category. > > Based on comments in the Quicken Community, I believe Quicken is aware of the problem; > and while I know better than to make predictions about such things, this seems like a problem > Quicken can fix within the next one or two patches (depending on how far along they were with > the next patch before they became aware of the problem). Let's hope so. No biggie. I always had to adjust Quicken's amortization anyway for each payment—a penny or two for the mortgage and a few dollars for the auto loan.