Want to keep the late fees, but not show the loan as behind because they weren't paid.

[wtech_josh]

When a borrower is late, but only pays the regular payment, and you don't want to have the late fees showing as outstanding on the loan or affecting the loan's current/past-due status, here's a quick way to tell Moneylender not to worry about getting the extra money owed from the late fee right away.

Pretend you're going to waive the late fee - https://www.moneylenderprofessional.com ... e-Fee.aspx

Waiving the late fee adds an adjustment to the Fees account opposite the fee that was waived. Go to the Settings tab > Adjustments section and select the adjustment that was created by waiving the fee. Change the adjustment's account to AmountDue instead of Fees. This will leave the late fee on the loan, but tells Moneylender not to worry about expecting the borrower to send in that extra amount right away.

[Chaelend]

Thanks for sharing this explanation. The approach makes the difference clear between keeping the late fee recorded and treating it as an amount that does not need to be collected immediately. Helpful information, especially for understanding how the adjustment affects the loan status.

[wtech_josh]

Thanks! Glad it's helpful.

There's so many little "get a number from here and use it over there" tricks, I wish I had a list or something. In the OP, we get the number from the late fee waiving routing, and just switch to amount due.

When I show people how conventional mortgages structure the costs at closing, and I show how to set up Moneylender for a per-diem interest payment at the start of the loan, I run the Ledger Transactions report for the Ledger account and find that first interest transaction that shows interest for X days at the start of the loan. Then I copy/paste the amount right from the report into a payment record, set the date for the start of the loan and mark the payment type as "Prepaid Interest and Fees". Now Moneylender sees the loan, knows that you'll be taking that much from the borrower at closing, and the amortization schedule is cleanly squared off month-to-month.

If you know where to look, it makes setting up a loan with partial month's interest in the closing costs take around 30 seconds to set up.