Fixed escrow amount

[Abdon Gonzalez]

I printed the schedule and don't mind doing the additional payments by
hand. My only problem right now is how to add the escrow to my monthly
payment.

Right now it is calculating principal and interest just fine. I need
to add the $337.74 from checking, that goes into the escrow account.
Whenever I get a statement with a Payout from escrow, I will fill the
transaction by hand. Whenever my bank recalculates the monthly escrow
payment, I will just need to change the $337.74 to the new value.

I'm not that familiar with GNUCash. Please feel free to dumb down your
answers :}

- AG

On Mon, May 4, 2009 at 12:21 PM, Derek Atkins <warlord at mit.edu> wrote:
> Tommy Trussell <tommy.trussell at gmail.com> writes:
>
>> 1) After a short time I gave up on having the scheduled transactions
>> system calculate my principal and interest amounts -- I believe it
>> cannot handle things like additional principal payments, for instance,
>> which I did every month (until I paid off the mortgage). What I did
>> was pick a set of numbers that added up to the correct total and every
>> time the mortgage company sent a statement (once a quarter) I adjusted
>> the register numbers in GnuCash to reflect what the mortgage company
>> calculated for principal and interest.
>
> correct, it does not handle pre-payments.  This is a documented
> limitation.  To handle pre-payment/over-payment we would need to
> implement a "balance-as-of-date()" function and have some way to specify
> that in the SX.
>
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
>       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
>



-- 
- Abdon

Abdon Gonzalez
Senior systems Engineer,
Atlas Site D technical Lead
BAE Systems IT
abdon.gonzalez at gmail.com