Mortgages and other "loan" types?
Paul Lussier
pll@mclinux.com
Thu, 28 Dec 2000 09:33:05 -0500
In a message dated: Wed, 27 Dec 2000 14:23:03 PST
Dave Peticolas said:
>Paul Lussier writes:
>>
>> Hi all,
>>
>> I'm wondering when depreciating loan types such as mortgages and auto loans
>> will added to GnuCash? Other than that, thanks for a great app. I've been
>> tracking development for sometime, and have finally started my conversion
>> over to GnuCash (I should be be done by the end of Jan. (I'm slow and lazy)
>
>There is the 'liability' type which subsumes a mortgage or loan type.
>There is currently no support for entering and using loans rates, though.
Hmmm, that's what I'm looking for. In Quicken, I could "create" a loan and
enter the length of the loan, the rate, and the amount. Quicken would then
create a "payment plan" schedule that would breakdown each payment into
capital and interest. If I pre-paid any of the principal, Quicken would
re-calculate the payment plan and I would be able to see things like how many
payments I knocked off, how much interest is being saved, etc.
I'm assuming this type of calculation is pretty straight forward, and it would
take but a simple perl script to figure it out. The only question I have is
how would I get at the information to perform the calculation and create the
tables? I have done no hacking on GnuCash at all (until now, I've been
perfectly content to remain an end-user :)
Is there a description of the file format for the .xac file that GnuCash uses
some where on the website and maybe some example perl code I could look at to
learn how to parse it?
I don't promise anything, but I'll at least try to get something started :)
--
Happy New Year,
Seeya,
Paul
----
I'm in shape, my shape just happens to be pear!
If you're not having fun, you're not doing it right!