Offset accounts set up

Mark_8865358

Hi, I am new to Reckon PP 2017 and am just setting up my accounts.  I have multiple mortgages with associated offset accounts but can't work out how to set up offset accounts so they are linked with the mortgage so that the money in the offset is reflected in the interest calculated on the mortgage.  Many thanks.

Janine White

I only use business versions of Reckon, where you can set up the offset accounts as sub accounts of the mortgage accounts.  As far as I know, you would have to set up a memorised transaction to manually move the interest on your bank statements each month (as they would not be the same amount) as a transfer between accounts, rather than a payment or receipt.

Hope this helps.

Janine