Skip to main content
4
42 Finches
December 19, 2018
Solved

I have several loans w the same mortage co. How can I get the property to show up on the register rather than having it just list the vendor. Under the account it just says split ...

  • December 19, 2018
  • 2 replies
  • 0 views

The account column just says split.

I would like to view the properties when I look at the register.

I have 7 loans with the same mortgage company for our rentals

Best answer by Rustler

the register is a not a transactional view of your payment, you will not see all of the split there

each mortgage should be its own liability account, and I would name each to show which property, ie

loan, 1234 some street
loan, 345 main st
loan 7734 downhill drive

then I would customize a report to show each property subtotaled, and use that see the activity

2 replies

Rustler
RustlerAnswer
December 19, 2018

the register is a not a transactional view of your payment, you will not see all of the split there

each mortgage should be its own liability account, and I would name each to show which property, ie

loan, 1234 some street
loan, 345 main st
loan 7734 downhill drive

then I would customize a report to show each property subtotaled, and use that see the activity

    4
    42 FinchesAuthor
    December 24, 2018

    Thank you to all.

    I know now that I need to rename each mortgage rather than just using the vendor name.

    I do have them set up properly, all separate, but adding the address of each prop will be easier to read the ledger.

    qbteachmt
    qbteachmt
    December 25, 2018

    The lender is the Vendor Name you will use as payee, for each Loan account you pay.

    qbteachmt
    qbteachmt
    December 19, 2018

    Each Loan is its own Liability account, so that you can Track your running balance to the lender's statements and reconcile that account. You cannot Combine mortgages that are separate in real life, and intend to manage Each Loan.

     

    The same is true for Banking. each Bank account that exists in real life is not Linked in the chart of accounts to any other Bank type. They stand separately and are managed to the statements individually by reconciling that account.

    Terms & ConditionsAccessibility statement