After updating quicken 6 to Quicken 2006 deluxe a while back the entries for P & I are reversed. The amounts are correct but assigned to each others account. This is a mortgage account. Any thoughts on how to correct this error for future entries? Thanks Mel
Have you tried making a Quicken Copy of your data, Validating the Copy, and seeing if the Validated Copy still has the problem?
Thank you but it made no difference, Will try reversing account entry in the split,should work but may not work for future entries. Mel
How, exactly, did you determine this. Did you have Quicken create the next loan payment? And it had the same problem as previous incorrect payment transactions?
Backup your data.
Note *everything* about your current loan ... so you can setup the exact same loan again (with a couple of exceptions).
Delete the current loan.
Create a new loan with the exact same specifications as the first, including date the loan was created, date of first payment ... except. Tell Quicken the date of the next payment is the date that the next payment would have been made from the loan you deleted. Tell Quicken payments have already been made. Tell Quicken not to create a new loan account, but to use your existing loan account.
If you don't get the results you want, restore the backup you made before starting the process.
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