Loan Druid in GnuCash 1.88 is a Thing of Beauty!!! (tm)

[Derek Atkins]

Honestly, I dont think gnucash's SXes will properly handle the "skip a
payment" thing.  Nor does it handle paying down the principal.  The
code does not compute interest based on the current principal balance.
It's all computed based on the original principal.

-derek

BruceG <griffisb at bellsouth.net> writes:

> All I have to say is WOW!!! I printed out chapter 7 of the manual and went 
> through it. Manually went through some VERY good instructions recommended on 
> the list (thank you) - then tried the druid again. First in my current 
> accounts, then figured - what the heck, lets open a new file.
>
> So - opened a new file so I wouldn't be worried about clobbering any 
> previously written transactions. Went through the Druid  (Actions / Scheduled 
> Transactions / Loans & Mortgages) and set up a loan using the scheduled 
> transaction druid. I took a snapshot of dates, amounts, principle and 
> interest using KSnapshot, figuring it would be a manual thing. Then I 
> wondered what clicking "Since Last Run" would do. Boom! All transactions were 
> automagically entered with principle and interest done correctly.
>
> What a thing of beauty! Now I need to figure out what to do about the skip a 
> payment month in January 2004 - don't know if I should delete that month's 
> transaction and manually fix up principle and interest - or take another 
> approach. I'll ponder a little more - but that Druid is really nice.
>
> Now to do my mortgage and home equity loan (then go and take loans no more).
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>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available