Microsoft KB Archive/927091

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Article ID: 927091

Article Last Modified on 12/15/2006


  • Microsoft Money 2006 Premium
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  • Microsoft Money 2005 Deluxe Edition
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  • Microsoft Money 2005 Standard Edition
  • Microsoft Money 2007 Deluxe
  • Microsoft Money 2007 Home & Business
  • Microsoft Money 2007 Premium
  • Microsoft Money 2006 Small Business


This article describes how to set up a new loan account that enables you to track payments to existing mortgage accounts or to line of credit accounts in Microsoft Money 2005 or later versions. Additionally, you can track cash that you received through the loan account by transferring the amount to a checking account.


By default, when you set up a new loan account you cannot credit payments to other mortgage accounts or to line of credit accounts in Microsoft Money. Additionally, you cannot track any cash that you receive from the loan account. When you want to make payments or track cash from a loan account, you must first associate the loan account to a new asset account. Then you can make payments from this asset account. To do this, follow these steps.

Important We recommend that you back up the Money data file before you create a new account. To back up the Money data file, click Back Up on the File menu.

Set up a loan account and associate it to a new asset account

  1. On the File menu, point to New, and then click New Account.
  2. Click Other account type (such as loan, asset, or watch accounts), and then click Next.
  3. In the list of account types, click Loan, and then click Next.
  4. Continue to step through the New Account wizard, until you receive the Do you have an asset that you want to associate with this loan? dialog box. Click Yes, and then click Next.
  5. Type an appropriate name in the box that is provided, and then click Finish.
  6. Click the appropriate date in the Date you acquired this asset box, and then click Next.
  7. Type an amount that is equal to the loan amount in the What was the initial value for this asset? box.
  8. In the What is the currency for this account box, click the appropriate currency, and then click Finish.

Make payments to an existing mortgage account, to a line of credit account, or to a checking account

  1. Click Banking.
  2. Under Account List, under Asset Accounts click the asset account that you associated to the loan account.
  3. In the Account Register, add the new transactions that you want to transfer money to a mortgage account, a line of credit, or a checking account.


For more information, click the following article number to view the article in the Microsoft Knowledge Base:

889931 Separate Category and Sub Category lists are not available after you upgrade to Money 2005

Keywords: kbmoneyaccount kbexpertiseinter kbhowto kbinfo KB927091