Lian Account Initialization


C

Charles Bretana

I recently refinanced a loan...
So I created a new Loan Account, and answered all the
questions the wizard asked, including the inital
balance...

But Now I want to enter a transaction into my checking
account reflecting the closing statement. One of the line
ityems is the payoff of the old loan, and that is fine, it
gets applied to the balnace in the old loan acct, zeroing
it out...

But in regard to the corresponding entry from the closing
statement that reflects the funds I am borrowing on the
new loan... If I apply this to the new loan acct, the
balance gets increased to double what it should be...

Should I just gop back and enter zero when the wizard
asks for the initial balance ? or is there some other way
to do this ?
 
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