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Author: ed1007 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10320  
Subject: Re: To upgrade to Q2013? Date: 1/28/2013 9:49 AM
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>>>It might work for you because you are using reminders. I don't or didn't. In previous versions I would go the the actual loan account and make the payment there. It would track what part of my payment was interest, the other part as principal.

In the 2013 version. You have to use Reminders! Maybe it will track your payment correctly. I have to adjust mine manual each time; enter in the categories etc. <<<


Actually, quicken has more than one "flavor" of reminder. When you set up the loan you are given an option of how to pay. You can change this at any time. In my case as I use quicken bill pay and the lender is set up as a payee online, on option i have is effectively autopay. Quicken bill pay issues the check and when I download transactions quicken matches the payment to the loan and takes care of the split between interest and principle.

I can report that on occasion I do adjust the split for a payment between principal and interest. I just do it in the transaction when I get the next statement. Usually, no more than a penny or so. Even the loan that I pay extra on is usually correct the way Quicken splits it up.

I would find opening the loan sub menu, opening the correct loan, then writing and check, then "fixing" the amounts in the split to be time consuming. But to each his own. Good luck with the system that works best for you.
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