How to add prior auto loan payment to my new Auto Loan

williamspl

williamspl Quicken Windows Subscription Member ✭✭

July 9 edited August 9 in Paying Bills, Online Billers & Reminders (Windows)

I just today (7/9) created a new auto loan account in quicken Premier Win10 but I made a first payment on 6/23.

How do I get this first payment properly registered in the new loan?

Many Thanks!

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[Deleted User]

July 9 edited July 9
@williamspl
go to your checking account register (or wherever the payments were made from) and find the transaction for the prior payment.
In the Category field, do a transfer to [Loan Account Name]. This links the payment to the loan.
Then, Split the Transaction and allocate the amounts accordingly:
Principal → Transfer to Loan Account
Interest → Use a category like “Loan Interest”
After entering the payment, check the loan account to ensure the balance reflects the reduction.
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[Deleted User]

July 9

@williamspl sorry for the quirky formatting. I tried to add bullets and it didn't seem to work and now I can't seem to edit it.

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