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Other questions
Thank you for all your help. I feel so dumb sometimes and you make everything easy!
I do have another question if you don't mind weighing in.....
We have a loan and the way I set it up when making a payment is a liability reduction and the interest as an expense. The only thing that confuses me is when looking at the budget. When I set the budget it has to include the total loan repayment amount but when you look at the budget vs actual, it only takes the interest amount into consideration. Am I missing something? How do I account for the principle payment on the budget?