Fixed escrow amount

[Mike or Penny Novack]

abdon wrote:

>Good morning!
>
>This is getting frustrating. I have run the mortgage/loan druid dozens of
>times and still can't figure out how to fix this.
>
>On the druid I check the 'utilize an escrow account for payments', get to
>configure the accounts in and out, but for the life of me can't find where
>to put the actual escrow account! My bank calculates the escrow once a year.
>All I need is a bloody place to say 'add $x to the monthly and chuck it into
>the escrow account'. Somehow this is not as easy as I would hope (either
>that or I'm the better idiot sent to test the idiot proof program).
>
>Help pretty please?
>
>- abdon
>
>
>My bank calculates my escrow amount once a year. Simply put; if my loan
>monthly interest/principal payment is $1,000 a month, and escrow is another
>$200, how do I set it up so GNUCash
>  
>
This would be an asset type account. It's just as if you had a special 
bank account into which you made periodic payments and once a year an 
amount of interest and from which were made periodic payments for taxes, 
fire insurance, etc.

Michael

-- 
There is no possibility of social justice on a dead planet except the equality of the grave.