Search found 2 matches
- Tue Oct 05, 2021 3:25 pm
- Forum: Accounting
- Topic: Mortgage tracking and budgeting
- Replies: 3
- Views: 1312
Re: Mortgage tracking and budgeting
Sorry, it took so long. Yes, we are carrying the building as an asset.
- Wed Aug 11, 2021 10:59 am
- Forum: Accounting
- Topic: Mortgage tracking and budgeting
- Replies: 3
- Views: 1312
Mortgage tracking and budgeting
We have a mortgage. Each month the amount paid is the same. However, the interest and principle of each month's payment is different. We currently track each with interest in an expense account and the principal in a liability account, in our chart of accounts. However, this makes it hard to report ...