closing account

I have MS Money 2003. I'm recording my mortgage payments, but I recently
sold the house. Is there a simple way of "zero" out the account without
marking the account "closed." By marking the account "closed," MS Money is
recognizing the mortgage account as debt. MS Money 2003 still calculate the
mortgage under "Loans and Liabilities."

Any ideas?

via_newsgroup
Wed Oct 06 19:43:51 CDT 2004

In microsoft.public.money, Humpfries wrote:

>I have MS Money 2003. I'm recording my mortgage payments, but I recently
>sold the house. Is there a simple way of "zero" out the account without
>marking the account "closed." By marking the account "closed," MS Money is
>recognizing the mortgage account as debt. MS Money 2003 still calculate the
>mortgage under "Loans and Liabilities."
>
>Any ideas?

See http://umpmfaq.info/faq.html#Q110

Dick
Wed Oct 06 21:03:57 CDT 2004

I'd account for the sale and that component of the sale that moved the money
to pay the loan off. See http://umpmfaq.info/faqdb.php?q=110.

"Humpfries" <humpdy85@hotmail.com> wrote in message
news:10m92e9at9i3a97@corp.supernews.com...
>I have MS Money 2003. I'm recording my mortgage payments, but I recently
> sold the house. Is there a simple way of "zero" out the account without
> marking the account "closed." By marking the account "closed," MS Money
> is
> recognizing the mortgage account as debt. MS Money 2003 still calculate
> the
> mortgage under "Loans and Liabilities."
>
> Any ideas?
>
>
>

Humpfries
Thu Oct 07 06:24:25 CDT 2004

Thanks.

"Cal Learner-- MVP" <via_newsgroup@please.tnx> wrote in message
news:3a49m05o2cvnpod0lsi3b3f6j9ft93694m@4ax.com...
> In microsoft.public.money, Humpfries wrote:
>
> >I have MS Money 2003. I'm recording my mortgage payments, but I recently
> >sold the house. Is there a simple way of "zero" out the account without
> >marking the account "closed." By marking the account "closed," MS Money
is
> >recognizing the mortgage account as debt. MS Money 2003 still calculate
the
> >mortgage under "Loans and Liabilities."
> >
> >Any ideas?
>
> See http://umpmfaq.info/faq.html#Q110
>
>

Humpfries
Thu Oct 07 06:24:42 CDT 2004

Thanks.

"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:e4U4hHBrEHA.324@TK2MSFTNGP11.phx.gbl...
> I'd account for the sale and that component of the sale that moved the
money
> to pay the loan off. See http://umpmfaq.info/faqdb.php?q=110.
>
> "Humpfries" <humpdy85@hotmail.com> wrote in message
> news:10m92e9at9i3a97@corp.supernews.com...
> >I have MS Money 2003. I'm recording my mortgage payments, but I recently
> > sold the house. Is there a simple way of "zero" out the account without
> > marking the account "closed." By marking the account "closed," MS Money
> > is
> > recognizing the mortgage account as debt. MS Money 2003 still calculate
> > the
> > mortgage under "Loans and Liabilities."
> >
> > Any ideas?
> >
> >
> >
>
>