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How to add a home mortgage acct

Danzer

Junior Member

Join Date: Jun 2011

Location: California

Posts: 1

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06-10-2011, 11:56 PM

Hello,

I have a rental house and I am trying to update my QB Pro with the current mortgage amount due. I created a Long-Term Liability account for the mortgage, but now I am trying to input the remaining amount into the General Journal. What accounts do I need to use in order for it to be properly categorized? Do I add a fixed asset account for the house? If so, would I credit the liability account and debit the house?

Please advise.

Thanks in advance.

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