[GNC] Loan repayments created not matching

[Michael or Penny Novack]

On 11/3/2024 5:20 PM, Jason Seegers wrote:
> Hi,
>
> Not sure what I am doing wrong here but when I use the loan repayment calculator as per the screenshots below, the transactions created don’t match what I am shown and I am stumped as to why.
>
> Any ideas to get this to actually agree?

How far off?

If a small discrepancy, the "why" is very simple. There is NOT one 
correct way to do the calculation and so no way to expect the result 
from the calculation the loan provider used will match the result from 
the calculation gnucash uses. There are a number of ASSUMPTIONS being 
made (one of the largest, how is the end of the loan handled if, as 
usual, not going to come out even).

You simply can't expect exact agreement.

Now as to the two amortizations shown in the screen shots, more useful 
would be the # of each "rent" (periodic payment). We have no way of 
knowing if those absolute dates correspond. In other words, we DON'T 
know if 3/21 is the nth payment on each. Since you are presumably 
dealing with loan start in the past, do you have that past lined up?

Michael D Novack