Re: Loan accounts

John,

Basically, you want to record a speculative transaction; a transaction 
that has not happened and may never happen.  Those types of transaction 
do not get recorded whether you are on the cash basis or accrual basis 
of accounting.  Your net worth is based upon a point in time and it is 
not impacted by something that you may or may not do in the future.

   Ed Melia, Sacramento, CA

On 9/1/2011 1:08 AM, John Sampson wrote:
> Hello -
>
> The various views posted here are instructive.
>
> The settlement amount quoted by my lender agrees with the sum of
> "Principal Remaining" and "Interest Remaining" as shown on the right
> of the screen when I click on my loan account. The terms of the loan
> include a fixed interest rate so "Interest Remaining" is predictable -
> money that I would have to pay if I settled now.
>
> It would be useful to be able to make this appear as a deduction on the
> home page. I can understand that in theory this is an anomaly, but I 
> would
>  have thought my net worth is not a useful figure otherwise.
>
> Regards
>
> _John Sampson_
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