Matching two loan payments to a single downloaded payment on Mac

Question

I have two loans through Telnet that are repaid in a single payment each month. However, the loan accounts in Quicken have two separate accounts (and therefore two separate payments that are created). Although some support documents seem to suggest that it is possible to match two payments to a single downloaded transaction, I can't seem to make that work in Mac. I can match one or the other (and resolve one duplicate payment instance in the register), but have no way to handle the other. Is there something I am missing?

Jon · Answer

I don't think there's any way to merge the two payment reminders created by the loan accounts. The best you could do would be to turn those off and create a new bill on the Bills & Income tab that would be a split transaction showing the principal & interest for both loans. After marking the bill as paid each month, you'd have to update the transaction with the correct interest & principal amounts for each loan, since it won't update those automatically.

NotACPA · Answer

Create an Intermediate account and make your single transfer from checking into that account.THEN, post the 2 separate loan payments FROM that account.