Remove
Tue Jun 12 09:54:34 CDT 2007
Thanks for the quick and complete response.
--
Neil
"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:uOGTxCQrHHA.3228@TK2MSFTNGP03.phx.gbl...
> The typical way, assuming not Money Essentials (I note you clarify you are
> using Deluxe, so this is for other readers) and using Advanced Registers,
> is to have two accounts, one is the Loan Account which will track
> principal balance, and a Cash Account to represent the escrow. The Loan
> Payments include a Transfer:[name of escrow cash account]. Then you enter
> payments form escrow to taxes/insurance as though paid from the escrow
> cash account. See
http://umpmfaq.info/faqdb.php?q=94.
>
> "Remove ABCD from Email address to reply" <neil154ABCD@gmail.com> wrote in
> message news:uPXxH8PrHHA.5032@TK2MSFTNGP02.phx.gbl...
>> Please help me in keeping track of my mortgage account. I have set up an
>> automatic payment for my mortgage which includes the mortgage payment,
>> taxes and insurance. I am able to get Money to track the mortgage
>> principal but I don't know how to keep track of the escrow account
>> balance on a running balance.
>>
>> Please let me know the right way so that I can always see the escrow
>> balance.
>
>