For whatever it's
worth ... I would not bother attempting to activate any loan or mortgage
account for downloading. Set it up as an offline or manual loan account with a complete payment schedule instead. (Not discussing
LOC or HELOC accounts here)
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 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 to a Category.
Answer to UKR, Yes, I know I have to break down the downloaded charge from the bank to post the separate principal, interest, etc. Still, I liked having the balance updated on my list of accounts by downloading. Thank you. Hilda
Do you mean an offline loan account within Quicken? How do I do that so that so that I can match the imported charge? Is it considered a transfer? Thank you.
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