Mortgage tracking in New Loan Type
I always followed my Mortgage as a Tracking Account, and just reconciled once a month with the current balance to keep it up to date. With the new Loan Accounts, I converted this Tracking Account to a Mortgage. I went back 6 months and set the beginning balance and change my previous 6 payments to a Transfer into this account. An Escrow analysis just changed my escrow amount and monthly payment. No biggie, I changed the escrow amount in the account settings and it backed tracked and changed all the previous payments to the current escrow amount. How do I correct this? And will will happen when my payment changes again in a year and I have to update my monthly escrow payment?
Because it only launched this month noone knows 100% but the staff have said that in the future months it won't affect the history. The issue with right now is all the new loan accounts are flagged as "created" this month or something like that so it affects everything no matter how far back you add transactions.