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June 6, 2023
Question

Does the fact I made journal entries to pay off a mortgage as we got a new mortgage with a different bank. Should this affect the monthly sales graft on the dashboard

  • June 6, 2023
  • 1 reply
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Journal entries to pay off a mortgage and account for the new mortgage affected the sales graft on the dashboard. The one that shows monthly sales

1 reply

June 6, 2023

Hi chris107,

 

I appreciate you reaching out here.  It's important that you're entering your mortgage payments accurately, to ensure your books remain balanced.  QuickBooks Online enables you to record and track what you owe.  I'd be happy to provide more information, so you're on the right track with your QuickBooks goals!

 

After you've set up the liability account, you'll record the funds by creating a journal entry.  When you're ready to make payments, you'll create a cheque.  Here's a helpful guide to walk you through the process.

 

Should you require additional assistance, I suggest speaking with an accounting professional.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If you have any other questions, please feel free to reach back out.  We're always glad to help!