[GNC] Mortgage & Loan Repayment schedule tool

[Don Ireland]

No I ran the tool FIRST.  It did NOT create the past transactions -- and I assumed that was because it would only create the scheduled transactions.  So I manually entered the last ones myself -- I used an amortization schedule in an excel spreadsheet to tell me what each month's P & I would be.

What I'm having trouble with is the fact that the scheduled transaction says the next due date is 4/1/2019.

I'll take another look at the guide.  

On January 10, 2020 10:08:35 PM CST, Adrien Monteleone <adrien.monteleone at lusfiber.net> wrote:
>You entered several payments manually, *then* decided to use the tool,
>and are confused as to why the tool doesn’t reflect your manually
>entered payments?
>
>*I’m* confused as to why you think it would.
>
>But my advice would be to either abandon the tool, or fix the manual
>entries to accommodate the tool. Then all will be well regardless of
>the choice.
>
>I’m no expert on the loan druid/wizard (whatever it is called) but I’d
>hazard the guess to otherwise, use 2/1/20 as the next payment date,
>*AND* use the balance as of that date, not the original loan balance.
>This may or may not accurately calculate your actual payments. Since
>you are only less than a year out, I’d personally opt to fix the
>historical transactions and stick with the original loan numbers.
>
>Finally, be certain to read over the Tutorial & Concepts guide
>concerning loans/mortgages to make sure you aren’t stumbling on any
>pitfalls/sandtraps. While the GnuCash workflow for many if not most
>things is fairly reasonable, it is based on standard accounting
>practices which most people are not familiar with in their personal
>finances. Thus, some things are not at first, as intuitive as you might
>expect.
>
>Regards,
>Adrien
>
>> On Jan 10, 2020 w2d10, at 9:54 PM, Don Ireland
><gnuCash at donireland.com> wrote:
>> 
>> I have a mortgage on my home that I bought in March 2019.  I used the
>mortgage & loan repayment schedule tool to schedule my monthly
>payments.  When it asked for the loan beginning date, I entered 3/1/19
>thinking it would need that to accurately calculate the payments.  When
>I look at the resulting scheduled transaction, I see that it thinks the
>"next payment date" is April 1, 2019.
>> 
>> If I chang that date to 2/1/20, will that mess things up?
>> 
>> I already manually entered all the payments that I've already made so
>I don't need it to do that for me.
>> 
>> Thanks!
>> Don Ireland
>
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Don Ireland