How to make mortgage payment in Q2012???

I recently upgraded Q2012 Premier to Q2013 Premier. Now I don't know
how to make a mortgage payment!
In Q2012, I made a mortgage payment by navigating to loan details, and
then pushing a button marked "make a payment" or something. Quicken knew
my total monthly payment, including extra principal that I always pay.
Quicken also calculated the split between principal and interest. All
I had to do was fill in a payment date and check number.
Now I can't figure it out! In Quicken help, I see references to "memorized
payees." I don't know how to use that.
How can I approximate the old (Q2012) behavior?
Reply to
David Arnstein
"David Arnstein" wrote
I recently upgraded Q2012 Premier to Q2013 Premier. Now I don't know how to make a mortgage payment!
In Q2012, I made a mortgage payment by navigating to loan details, and then pushing a button marked "make a payment" or something. Quicken knew my total monthly payment, including extra principal that I always pay. Quicken also calculated the split between principal and interest. All I had to do was fill in a payment date and check number.
Now I can't figure it out! In Quicken help, I see references to "memorized payees." I don't know how to use that.
How can I approximate the old (Q2012) behavior? --------------------------------------------------------------------
The old "Loan Details" dialog is gone ... permanently. This was required in order to allow users to download to their Quicken loan accounts. :(
When you create a loan in Quicken, you get the choice to create a scheduled transaction or a memorized transaction for the loan payment. Unless you have since deleted the loan payment transaction Quicken created, it will still be where it was before you converted to Q2013: in Tools > Manage Bill and Income Reminders, or Tools > Memorized transactions.
To use the scheduled transaction to enter the loan payment: if you have it set to enter "Automatically", you don't need to do anything; if you have it set to Remind you, just click its Enter button when it reminds you.
To use the memorized transaction to enter the loan payment: start keying the loan payee in the Quicken payee field in the payment account register; when Quicken fills in the remainder of the split payment transaction, click Save or press the Enter key.
Reply to
John Pollard
Wow! That's a surprise! How does one look at the loan details that was provided in Q2012 in Q2013? It has been great to review all the details regarding a mortgage loans. What view replaces it and provides similiar details?
Reply to
charliec
Wow! That's a surprise! How does one look at the loan details that was provided in Q2012 in Q2013? It has been great to review all the details regarding a mortgage loans. What view replaces it and provides similiar details? -------------------------------------------------------------
As best I can tell, all the loan information that was in previous versions is still available in Q2013 ... just located in different places, accessed by different means - essentially all of it associated directly to the loan account (rather than through some separate menu choice like Property&Debt > Loan Details). And there is info available in Q2013 that was not present in earlier versions, such as a What If? tool for the loan.
There is still work going on to complete the new Q2013 loan account process. When that work is finished (and assuming it is successful), I suspect some will like the new loan presentation better than the old ... and some will not.
Reply to
John Pollard
In article ,
I was afraid that you would say that. Haven't "scheduled transactions" and "memorized transactions" been involved with many bugs and complaints in the past?
Reply to
David Arnstein
Thanks John,
That helps - I am looking at updating to Q2013, but am waiting for Turbotax 2012 to come out and I can get a "Combo" package. charliec
Reply to
charliec
"David Arnstein" wrote I was afraid that you would say that. Haven't "scheduled transactions" and "memorized transactions" been involved with many bugs and complaints in the past? ----------------------------------------------------
Not to my knowledge or experience. But then, I have no idea how much "many" is, or how it compares to the number of other "bugs and complaints".
Scheduled transactions are the only way I have ever handled my two mortgages, and I have never experienced a single bug with them, or had a single complaint about them.
I also use memorized transactions and have never had any problem with them.
[But using the "Make Payment" button in Loan Details (View Loans), did have a bug. It's been a while since I looked into it; but as I recall, it had to do with stripping the Tax Line item from the loan interest category in the resulting register transaction.]
Reply to
John Pollard
That helps - I am looking at updating to Q2013, but am waiting for Turbotax 2012 to come out and I can get a "Combo" package. ----------------------------------------------------
I think it's a good idea to wait.
Q2013 has been a big project for Intuit. They coupled fixing the Q2012 budget mess, with adding the ability to download loans, with introducing a mobile capability for Quicken. The budget fix is not quite complete and neither is the impact on loan accounts ... mobile problems have been draining resources.
Reply to
John Pollard

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