Can 1 Loan be Linked to 2 Asset Accounts?

Posted by Rick Hess on September 22, 2009, 6:49 pm

Please log in for more thread options

Q 2008 H&B

When I link an Asset Acct. to the loan, the other previously linked Asset
Acct. becomes un-linked.

--

Rick Hess
New Orleans
To email, eliminate All_Spammers

Posted by John on September 22, 2009, 7:02 pm

Please log in for more thread options

Rick Hess wrote:

> Q 2008 H&B

> When I link an Asset Acct. to the loan, the other previously linked Asset

> Acct. becomes un-linked.

I don't think it is possible. I know you can't do it the other way - 2
loans against one asset (think mortgage and HELOC).

You could split the loan into two separate loans and when you make a
payment split them as you like. That might work.

Posted by Rick Hess on September 22, 2009, 7:51 pm

Please log in for more thread options

> Rick Hess wrote:

>> Q 2008 H&B

>> When I link an Asset Acct. to the loan, the other previously linked Asset

>> Acct. becomes un-linked.

> I don't think it is possible. I know you can't do it the other way - 2

> loans against one asset (think mortgage and HELOC).

(snip)

Hi John,

I know in Q2002 you COULD link 2 loans against one asset. That's a shame
Intuit has apparently eliminated a very desirable feature.

I "upgraded" from 2002 to 2008. When I get to my office tomorrow I'll have
to see if the cases where I have 2 loans on 1 asset were disassociated when
I upgraded.
--

Rick Hess
New Orleans
To email, eliminate All_Spammers

Posted by John Pollard on September 23, 2009, 9:50 am

Please log in for more thread options

John wrote:

> Rick Hess wrote:

>> Q 2008 H&B

>> When I link an Asset Acct. to the loan, the other previously linked

>> Asset Acct. becomes un-linked.

> I don't think it is possible.

> I know you can't do it the other way - 2

> loans against one asset (think mortgage and HELOC).

Yes you can. This has always worked; but you must assign the second
liability account to the asset account from the Overview tab of the
liability account.

Perhaps you are downloading to the HELOC, for which Quicken would require
you to make the account a credit-card account. Credit card accounts can't
be linked to any other account.

--

John Pollard

Posted by John Pollard on September 23, 2009, 9:48 am

Please log in for more thread options

Rick Hess wrote:

> Q 2008 H&B

> When I link an Asset Acct. to the loan, the other previously linked

> Asset Acct. becomes un-linked.

I tested in Q2000, Q2004, Q2008 and Q2009: all worked the same. You can't
link 2 asset accounts to 1 liability account.

All allowed 2 liability accounts to be linked to 1 asset account.

--

John Pollard