Search found 2 matches

by cluckk
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.
by cluckk
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 ...