Understanding the problem
When ending balance shows that money is wrong, it just means that money has falsely split one or more credit and payment transactions between the main stakeholders. What you have to do in this case is the end adapt to categorize balance and the adjustment to fall into the same category and lower interest expense category as you pursue the interest component of the loan payment.
To make this kind of adjustment, the display account register for the loan or mortgage, you need to adapt. Then click update amount compared to the list of common tasks. Money then displays the Loan Balances Customize dialog box.
Fixing the main error
To balance adjust or correct, the loan balance, give us the right balance ends in the New Ending Balance box and the ending date in the Balance As Of Field " " date. You should be able to view this information from the end-of-year and end-of-month loan attention to the fact that for the loan balance errors.
Fixing interest expense error
To the interest of the loan records error, the interest category and subcategory in the category for the adaptation boxing. For example, if you as a Mortgage Loan Interest, and how the sub-category, enter that category and subcategory in the two fields.
While it might seem curious, the loan interest categories for the classification of an adjustment to the loan balance, remember that loan payments between principal and interest. So, if you overdo the main components of a loan payment, you implicitly understate the interest component and vice versa.
In effect, the adjustment of the loan ends equilibrium is the same as the adjustment of accumulated principal payments on the loan. And that means you must also adjust accumulated interest payments on the loan.
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