Is there a way of entering my mortgage balance and have PA automatically calculate interest owing, which is updated once principal payments have been made?
I’m afraid not. We have looked at this in detail in the past. The primary problem is varying interest rates and varying calculation periods. Most institutions have subtle differences with some that are not so subtle. This means we would need to keep historical tables of rate changes, periods and algorithms. The user interface would probably be difficult even with the best will in the world. However, here’s the workaround that most people use. It is probably just as accurate a way as it would be if we attempted an automatic calculation. I suggest you set this up in a new file so you can see how it works without other accounts and entries obscuring it. To start a new empty file, click on File -> New. Make sure you save your current file first. You may also like to turn off the Start with the last file you save option too (in the Auto-save tab in Preferences). With this option off, you can select which file you want to work on by clicking on the File menu option and viewing the History se
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