Loan Payments

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4 posts
Loan Payments

IansGirl33
New MMEX User

Posts: 2
Joined: Wed Jan 03, 2018 1:59 pm
I'm trying to make a single transaction between my checking account and a loan account. It's an auto loan and I'm making monthly payments using my checking account. I've tried doing a transfer, but it only adds the payment to the loan account so it appears that I'm increasing the amount that I owe. That's not how a repayment of a loan should work though. I could do 2 separate payments, but I think it might mess with reports. (I have yet to play around with how the reports are done.) Please help as I'm new to this program! Thanks.
Re: Loan Payments
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BryanClifford
New MMEX User

Posts: 1
Joined: Tue May 22, 2018 3:18 am
Location: United Kingdom
Very good question, I'm also interested
I work as a web designer in SlotsSpot and also I study the cash flow forecasting
Re: Loan Payments

nrlaynes
New MMEX User

Posts: 1
Joined: Wed May 23, 2018 9:49 pm
What I did is to post the loans as negative, and then transfer amounts from checking to the loans and then use the duplicate transaction feature instead of "recurring transactions".
Re: Loan Payments

JoWee
New MMEX User

Posts: 19
Joined: Thu Mar 07, 2019 9:20 am
Hello. This is a good question and I have also been in a difficult situation recently. In one social network I was advised to apply for an online loan on the website of the company Cashcat and there I was perfectly helped to quickly issue the desired amount without any problems and at a low interest rate. I think you should contact them and for information read this.
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