Mortgage not updated on balance sheet

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sica
Posts: 17
Joined: Mon Apr 18, 2005 5:21 pm
Location: SICA

Mortgage not updated on balance sheet

Post by sica »

I have been using PC for about 3 months. I realize now that I did not set up the mortgage correctly to show principal and interest. Since our fiscal year starts over in July, I think I can easily correct it now. However, when I print a balance sheet for the year ending June 2005, the balance on our mortgage has not changed from the number I entered when I set up the program in April. When I look at the I&E statement, it shows the payments that we have made. How can I correct the current balance on our mortgage? Also, does anyone know where I need to make a correction to ensure that the future payments are deducted from the balance so the balance sheet will be correct?
Thanks,
Tracey

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