Retroactively recording deposit of existing loan principal into another account

Joel's Avatar

Joel

14 Jun, 2018 03:57 PM

My current Moneydance file (Version 2017.4) has two existing loans, each with same initial principal amount. The proceeds of the second loan were used to repay all outstanding amounts of the first loan but this was not properly recorded at time of setup of second loan. It is now three years later and dozens of payments have been made/recorded on the second loan -- is there a way to go back and apply the proceeds of the second loan to the first loan as of the second loan's original date (without messing up all the subsequent calculated payments, etc.)? Otherwise, I am showing a duplicate loan that doesn't really exist anymore.

  1. Support Staff 1 Posted by Tom Freeman on 20 Jun, 2018 07:54 PM

    Tom Freeman's Avatar

    The current build of 2017 is 2017.8 (1684). You can down load that from here:

    http://infinitekind.com/preview

    From the second loan account go to the tool bar and click account > edit account. The edit loan box should show, click ok. You should be prompted to transfer the amount of the loan into an account. Click yes and selected the new loan from the scroll menu.

    Tom Freeman
    Infinite Kind Support

  2. System closed this discussion on 19 Sep, 2018 08:00 PM.

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