car purchase price $18,000
downpayment = $2,000
Car loan $16,000
Essential budget
Car asset account "Chevy" set up ok
car loan citibank setup ok

1) what is correct category for check issued for downpayment? At present I
have it as Transfer: Chevy, but on the Chevy account setttings I have to
indicate purchase price as $16,000 (not the $18,000 it cost). Is that correct
or should I indicate some other category for the downpayment?

2) Citibank loan setup ok, and each payment show up as category "Loan
Payment : Chevy car loan", but I can't make this categgory appear in
Essential budget so each payment is considered in my monthly budget.

what have I missed??
TIA

Re: Car loan = downpayment and monthly payments in essential bidget by Chris

Chris
Sun Nov 11 20:43:41 PST 2007

"Bob" <Bob@discussions.microsoft.com> wrote in message
news:35F8912D-69CE-4EC2-B8BF-29D54725ECDD@microsoft.com...
>
> but I can't make this categgory appear in Essential budget...
>
> what have I missed??

What you've missed is the frequent recommendations on this forum to
ditch Essentials in favor of Deluxe. I doubt Essentials will do what
you hope.
--
Chris Cowles
Gainesville, FL