Setting up Scheduled Transaction to process loan payments
Elmar Schmeisser
eschmeisser at nc.rr.com
Fri May 20 20:44:41 EDT 2016
Whenever I open GC, it keep trying to prompt me to set up a scheduled
transaction for the car loan. How can I get GC to shut up about this? -
elmar
On 5/20/2016 7:34 PM, David T. wrote:
> Elmar,
>
> As Don noted, the variance between when you create the transaction
> (and when the bank does) will always result in small diferences in
> the calculations. It’s the main reason why I dropped using Scheduled
> Transactions for this type of transaction, since I always had to
> compare my books to the bank’s anyway. It became clear to me that it
> was not saving me any effort to have the scheduled transaction
> created by GnuCash.
>
> HTH, David
>
>> On May 20, 2016, at 7:04 PM, Elmar Schmeisser
>> <eschmeisser at nc.rr.com> wrote:
>>
>> In my case, it is a bank loan for a car. It has regular scheduled
>> monthly payments, but somehow the formula that GC uses and the
>> formula that the bank uses are different to calculate the total
>> payment, and how it is split between interest and principal. -
>> elmar
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