Applying recurring bill payments to new a newly created auto loan?

I'm using Money 2005 and curious as to how to resolve my problem. I purchased
a vehicle 6 months ago and was too lazy to create a new loan and apply the
payments in a recurring bill to that balance. I just created a new bill and
put my car payment amount and who I pay the loan to as the payee.

I want to create a New Auto loan with a balance and interest rate, BUT have
the payments i've already made in a recurring bill go to that newly created
Loan...

Any ideas?

Hope that made sense

Untested procedure assuming Advanced Registers/Advanced Bills:

Create the loan and say payments haven't been made. You're within a year, so
Money should allow this. Tell it truth about things like when the first
payment was due but tell it no payments have been made.

Go to the transactions for the payments you've made and re-categorize them
as Loan Payment:[name of account you just created]. Fix them in date order.

Delete the recurring bill you've already setup.

Edit the bill series the create loan account genie created to set the next
date to the next date the bill is due. It should recalculate loan number of
payments remaining as required based on the transactions you changed to
become loan payments in prior step.

"Rob" <Rob@discussions.microsoft.com> wrote in message
news:E353F61A-5109-4FE8-A3D9-385F524E03BC@microsoft.com...
> Any ideas?

If you start the loan off with the original loan balance, the payments should
credit the account accordingly and you should be reconciled to your current
balance.

Am I missing something?

"Rob" wrote:

> I'm using Money 2005 and curious as to how to resolve my problem. I purchased
> a vehicle 6 months ago and was too lazy to create a new loan and apply the
> payments in a recurring bill to that balance. I just created a new bill and
> put my car payment amount and who I pay the loan to as the payee.
>
> I want to create a New Auto loan with a balance and interest rate, BUT have
> the payments i've already made in a recurring bill go to that newly created
> Loan...
>
> Any ideas?
>
> Hope that made sense