Loan accounts

Hello -

I think all I can do is create an account to hold the discrepancy 
between Moneydance's figure and the
lender's figure. The difference is more than £800 so I would question 
the usefulness of having 'loan
accounts' in Moneydance at all. It would be better to let the user 
invent a policy for dealing with the
figures that agrees with the methods and terminology used by the lender. 
I have had to badger the
lender for explanations but what they have sent looks OK to me.

Regards

_John Sampson_

On 13/10/2011 21:33, A J R Bayer wrote:
[snip]
> It's a niggle, I know, but I doubt that you are going to get any software package that does its mortgage calculations in accordance with the way every lender does it so some manual intervention is necessary. However, this I think is one practical way of "recording the difference" to which you refer and is probably better than creating a "balance adjustment" figure just to set the books straight.
>
> Regards
> Anthony
>
>
>
> On 2011 Oct 13, at 23:31, John Sampson wrote:
>
>> I am about to pay off a loan early, which involves a fee. The figure shown in
>> the Moneydance as present balance does not agree with the company's
>> figure so I will have to record the difference in some way. Any advice
>> would be appreciated.
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