Setting up mortgage payments

[David T.]

Dean is right... which is why, in my own personal accounts, I enter the transaction manually after the fact. It's just simpler.

As I understand it from discussions in the past, the problem is that there is no "Balance-As-Of-Date" function in Gnucash; without this, it is not possible for Gnucash to recalculate interest. There is, apparently, a structural challenge that has prevented the addition of such a function. At least, that is my understanding.

David




________________________________
 From: Dean Gibson <gnucash at ultimeth.com>
To: gnucash-user at gnucash.org 
Sent: Thursday, January 3, 2013 3:17 PM
Subject: Re: Setting up mortgage payments
 

On 2013-01-03 14:47, gnucash_rob wrote:
> Hi Michael,
>
> ...
> I assume gnucash will then calculate the interest on a daily basis on this
> new principal amount including the overpayment, rather than just that
> predicted by the standard formula?
>

No.  As I understand it (from my experience), the calculation is made 
just once, when you set up the loan.  That's the problem.

-- Dean
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