How to add a home mortgage acct

Joined
Jun 11, 2011
Messages
1
Reaction score
0
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.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,624
Messages
27,567
Members
21,401
Latest member
mortgageleads

Latest Threads

Top