I have a loan set up with semi monthly payments. The payoff schedule has a missing paymnt

ytterp

My payoff schedule is missing a payment. It is set up semi-monthly and there is only one payment scheduled for November. Now a payment comes in for both payments for December and I don't have two payments due because I used one of them for the second payment in November. How do I correct this?

Boatnmaniac

@ytterp -  I am assuming you are talking about a Loan Reminder missing for Dec.  Is this correct?

This can happen when a Loan Reminder instance was previously Ignored instead of Entered into the register or it was Entered into the register  and then later that Reminder transaction was deleted from the register.

You should be able to fix this by editing the Loan Reminder so the next payment date is changed to show the missing Loan Reminder date.  Example:  If you normally make a Loan payment on the 1st and the 15th of each month but your Loan Reminder currently shows your next payment due date is the 15th of the month but it should show the 1st of the month, you can edit the Loan Reminder to show the next payment due date is the 1st of the month.  Then your Loan Reminder will again show 2 payments due for December...one for 12/1 and one for 12/15...and all future months will show 2 Loan Reminders.

To edit your Loan Reminder:  First, back up your data file in case something goes wrong.  Then go to your Loan Account screen where you can take the following steps:

After adjusting the "Due Next On" date, click on "Done" and then click on "OK".  You should now be able to enter your two Loan Reminders for this month and match the downloaded payments in your checking account to them.

Let me know if this addresses your issue or if you have any questions or need additional information.