how do you setup a mortgage that shows payments and splits etc

Scomackey

I have a home account and a mortgage account and a monthly reminder but it does not update the split totals each month. How should I enter a mortgage account properly, start to finish? So that the monthly draft through my checking is deducted from the home/property account and the splits of the PITI all get accounted for.
I have had Quicken for more that 10 years and have never got this right,

Please step by step help!!

UKR

For whatever it's worth ... I would not bother attempting to activate any loan or mortgage account for downloading.  (Not discussing LOC or HELOC accounts here)

An online-connected loan or mortgage account does NOT have a transaction register. All data shown in the account come from whatever information the bank downloads to you ... if this process works at all.

As a result of being connected, the scheduled payment transaction reminder cannot transfer the amount of principal paid into the (non existent) account register and must use a category, usually something like Loan:Principal, instead. The category seems to vary with the Loan Type you selected when creating the loan account in Quicken.

• Effective with Quicken Windows 2018+
  you can deactivate an online-connected loan account and regain full control over your transaction register.  However, you should still review the Scheduled Reminder (or Memorized Payee List entry) associated with the monthly loan payments to ensure they now transfer Principal to the loan account register and not a Category.
• Users of Quicken 2017 and older:
  If you want to have full control over both the loan account register and the payment transactions you need to set up your loan account as a "manual loan account" and use the Scheduled Reminder created by the setup process to record your payment transaction on or before the due date.
  If you have already established a connected loan account and are having problems with it please take a look at this:
  How to convert back to a manual loan
  https://community.quicken.com/discussion/7164936/faq-how-do-i-convert-a-loan-account-that-automatically-downloads-transactions-to-a-manual-entry-sc

NotACPA

Search Quicken Help (F1) for "Mortgage Wizard".

When you set up you loan, using that, it will handle all of the proper amortizations for you when you use the Payment that it creates.

Scomackey

In help I find no mortgage wizard

Sherlock

To create a mortgage account, I suggest you select Tools > Add Account..., Loan, manual loan account, ...

To enter a loan payment, I suggest you open the loan account, press Ctrl + Shift + N, select Enter loan payment, ...

UKR

For whatever it's worth ... I would not bother attempting to activate any loan or mortgage account for downloading.  (Not discussing LOC or HELOC accounts here)

An online-connected loan or mortgage account does NOT have a transaction register. All data shown in the account come from whatever information the bank downloads to you ... if this process works at all.

As a result of being connected, the scheduled payment transaction reminder cannot transfer the amount of principal paid into the (non existent) account register and must use a category, usually something like Loan:Principal, instead. The category seems to vary with the Loan Type you selected when creating the loan account in Quicken.

• Effective with Quicken Windows 2018+
  you can deactivate an online-connected loan account and regain full control over your transaction register.  However, you should still review the Scheduled Reminder (or Memorized Payee List entry) associated with the monthly loan payments to ensure they now transfer Principal to the loan account register and not a Category.
• Users of Quicken 2017 and older:
  If you want to have full control over both the loan account register and the payment transactions you need to set up your loan account as a "manual loan account" and use the Scheduled Reminder created by the setup process to record your payment transaction on or before the due date.
  If you have already established a connected loan account and are having problems with it please take a look at this:
  How to convert back to a manual loan
  https://community.quicken.com/discussion/7164936/faq-how-do-i-convert-a-loan-account-that-automatically-downloads-transactions-to-a-manual-entry-sc