I spent a couple of hours this past weekend cleaning up a bunch of loan accounts I had in Quicken, but now I'm wondering if I needed to do that.
Previously, I had been accruing the interest for the loan as a transaction in the actual loan account, and then recording a transfer for the principle & interest payment from the checking account as the bill was paid.
For reasons that escape me, I decided that was wrong, deleted the individual interest transactions in the loan accounts and made the payments a split transaction, with an interest amount assigned to a category and a transfer of principle to the loan account. The loan account still being tied to the asset as applicable.
It looks cleaner in Quicken and there are less transactions, but does it make a difference?