No Confirmation on Loan Payments Preceded by Other Payments (125214)


The information in this article applies to:

  • Microsoft Money 2.0
  • Microsoft Money 3.0
  • Microsoft Money for Windows 95
  • Microsoft Money 97
This article was previously published under Q125214

SUMMARY

If you try to delete a loan payment preceded by other payments, you will not receive a confirmation message.

In Microsoft Money, if you intentionally or unintentionally try to delete a loan payment from the Loan book, and if that payment is followed by other loan payments, you will receive the message:

In the <Loan Name> loan there are loan payments following the one you are changing. Do you want Microsoft Money to recalculate the Principal/Interest distribution for these payments?

In this situation, you can choose Yes, No, or Cancel:
  • Choosing Yes will delete the loan payment, and the Principal / Interest distributions for the remaining payments will be calculated.
  • Choosing No causes the loan payment to be deleted.
  • Choosing Cancel aborts the process.

MORE INFORMATION

If you try to delete the last loan payment in the list, then you will only receive the normal Confirmation message:

Do you want to delete this transaction?

Since there are no payments after this one, no adjustment will need to be made to principal and interest for the nonexistant future payments.
Modification Type:MajorLast Reviewed:11/24/2003
Keywords:kbhowto KB125214
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