Setting up Scheduled Transaction to process loan payments

[Elmar Schmeisser]

I've tried to use the system, but the interest and principal it
calculates are off from what the bank tells me it has posted.  I'm not
sure how to fix this.  Help? - Elmar

On 5/17/2016 8:35 PM, Don Ireland wrote:
> I've found the following link and it looks promising for this.
> 
> http://svn.gnucash.org/docs/head/loanhandling.html
> 
> Don Ireland
> 
> On 5/17/2016 7:12 PM, Don Ireland wrote:
>> I've read that I can create scheduled transactions that look at the
>> current balance, calculate the interest and deduct it from the total
>> amount of the payment.  But I'm having trouble figuring out how the
>> formula works (I don't even know WHAT the formula is called or what
>> the variable names are).
>>
>> Can someone shed some light on the subject?
>>
>> TIA!
>>
> 
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