Distribute loan proceeds


G

Gene Dumm

I have Money 2000. I just financed my house and am trying
to distribute the loan proceeds. Money shows the
liability when I set up the mortgage but how do I record
the cash I received? I have set up an 'other income - loan
proceeds' account to record the proceeds, but this
distorts the reporting and I can't figure out how to
record closing costs. Any ideas? Thanks in advance for
any help.
 
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C

Cal Learner-- MVP

I have Money 2000. I just financed my house and am trying
to distribute the loan proceeds. Money shows the
liability when I set up the mortgage but how do I record
the cash I received? I have set up an 'other income - loan
proceeds' account to record the proceeds, but this
distorts the reporting and I can't figure out how to
record closing costs. Any ideas? Thanks in advance for
any help.
See FAQ available at http://www.bollar.org/msmoney/ for information.
 

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