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MPebc's avatar
MPebc
Contributing User
8 months ago
Solved

Splitting loan repayment

Hi, I am trying to split a loan repayment between the principle and interest but I can’t get it to work. What am I missing? Thanks in advance. 
  • Jay-Solo's avatar
    Jay-Solo
    8 months ago

    Hey MPebc​ - back again! I was on the right track. This is related to a constraint in the current transaction matching flow, where you're unable to split it while still in the matching flow. The workaround here is to submit it with one category (example: "Principal"), and then re-enter the transaction and split it once you've saved it (here's where you'd add in the interest piece). 

     

    We've got a keen eye on cases where they pop up, so glad you brought this to our attention 🙌

MPebc's avatar
MPebc
Contributing User
8 months ago

HiJay-Solo​ , thanks for the reply. The only way I can get it to work is create an expense first. I would prefer to allocate the expense by review transaction as there is no invoice. If I go via the review transaction -> manual, there I only have the options of match or categorise. There isn’t a split option. As this is a monthly payment I would prefer a simpler way to record this transaction. Even being able to set up the expense as a recurring transaction would help. 

I am a regular user of MYOB Accountright & a bookkeeper so hope I am allocating correctly! ;) Just having a little trouble adjusting to Solo … maybe expecting too much?!

Jay-Solo's avatar
Jay-Solo
MYOB Staff
8 months ago

Hey MPebc​ - back again! I was on the right track. This is related to a constraint in the current transaction matching flow, where you're unable to split it while still in the matching flow. The workaround here is to submit it with one category (example: "Principal"), and then re-enter the transaction and split it once you've saved it (here's where you'd add in the interest piece). 

 

We've got a keen eye on cases where they pop up, so glad you brought this to our attention 🙌

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