[moneydance] QMac->MD: loans become liabilities?

[Edward Reid]

At 13:01 05/06/06 -0400, Scott Zahn wrote:
>Honestly, the way I switched to MD is that I made a giant QIF of all my
>accounts in Quicken and checked every box on the export dialog except the
>one that mentions a macintosh.  I then imported everything all at once
>into MD

Basically the same as my second method except that I exported the setup and 
transactions separately, as recommended on the MD web site. I'm not sure 
I've seen that it makes any difference. Perhaps there are some special 
cases handled better by the separate QIFs.

>That method worked well for me, but I only had 11 accounts or so.

It's looking like the great bulk of my data is coming across fine. In fact, 
now that you've explained the loan display, it may not take me even a day more.

>Yeah, you can't edit loan entries in the loan accounts.  Go to the account
>where the payment was from and edit it there.  The loan register is only
>showing the principle amount from the split transaction.

OK, I see. Sure would be nice if "show other side" worked in this context.

> > Beyond all that, when I did get the loan set up, I went on to set up the
> > reminder. When I did, MD said the interest on my first payment was going to
> > be twice what it actually should have been.
>Hmm... did you specify the number of payments in the loan account?  My 30
>year mortgage has 360 payments.  I think MD uses that to calculate your
>payment splits.  That's all that comes to mind on that one.

Shouldn't matter. At a given APR, one month's interest is one month's 
interest. But yes, I specified both the number of payments and the payment 
amount. (Had to do the latter because the calculated payment didn't quite 
match the bank's, probably due to something in the loan history.) Specified 
those same numbers when I set up the test that worked.

Thanks,

Edward
Art works by Melynda Reid: http://paleo.org