Since we cant connect to some institutions, who do you create a running balance of the note?

henleyfamily

Since we cant connect to some institutions, who do you create a running balance of the note? Ex. We pay monthly on the loan but have no idea how much we have left to pay. Is there some type of workaround users have discovered?

NotACPA

Have you created the loan account in QMac? Are you recording payments (split between principal and interest and any escrow) in your bank account?

And, since I use QWin, I don't know if QMac has a Loan Wizard to automate calculating those splits …but in QWin it's VERY accurate.

And, downloading into a loan account is problematical since only the principal component downloads into the loan … not the interest or escrow.

Also, if it's not a mortgage, but say an auto loan, those are "Daily Interest Loans" where the interest owed is dependent upon when the lender posted the payment … which Q can't know unless you download but, as explained, that's ill-advised.