Bug in "convert to lending loan" feature of an asset.

Andrew Angell

I lent some money, so I have a loan asset created in Quicken. My particular loan is an interest only loan, so it doesn't work well with Quicken's "convert to lending loan" feature, unfortunately.

In realizing that, though, I found a small bug, or at least what I would consider something that should be fixed.

Basically, once I enter the "convert to lending loan" wizard there's no way for me to get out of it. I have to either complete the process of converting it (which I wasn't wanting to do since it won't handle interest only )or End Task in Quicken in order to get out.

Here's a video of the experience: https://1drv.ms/v/s!AgjQtqQX0zpKq5AZ7QCruPE9t1rChg?e=bUX4ef

Andrew Angell

Year: 2020
Version: R26.17
Build: 27.1.26.17

NotACPA

As an Interest Only loan, you don't need the Amortization function of a normal "lending loan".

Just create your Loan asset, and record the periodic interest payments received.  When the loan is repaid (in whole or part) record that money as a transfer FROM the Loan to your checking account.

Andrew Angell

@NotACPA Yes, but then it doesn't provide a nice monthly statement like the actual converted loan does. Printing the account register itself sort of works, but it's not very pretty/professional.

Quicken_Tyka

Hello @Andrew Angell

Thank you for taking the time to visit the Community to post this issue.

I was able to successfully recreate this on my Quicken data file.

This bug has been reported for further investigation, I will respond back when I further details.

Thank you!

[FIXED R28]