Posted on 2000-02-26
Setup my car loan (liability) with the normal "Create Loan" in quicken.
Setup my car as an asset (Q2000 calls the account a "Vehicle")and these two accounts a sort of linked together.
In the loan setup you are asked what category to apply the interest but you are never asked where to apply the rest of the payment. After a payment is made, the split transaction automatically shows the account that I paid from (in this case my checking) which is the normal way Q2000 applies money from one account to another.
I would like to apply it to the account "Auto", otherwise I do not get a true accounting of what it costs to own my car - Payment/fuel/maint./etc.
If I change the split transaction that the loan puts in my checking account I will alter the balance of the account and the balance will be off on the loan. Any ideas??