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L
Lee Gold
November 30, 2022
Question

How to record purchase of a property/asset with a mortgage?

  • November 30, 2022
  • 1 reply
  • 0 views
It will have to be a journal entry.
Will it also be an expense?
Do I also make the vendor a “supplier”? Create a bill?

1 reply

G
GeorgiaC
November 30, 2022

Hi Lee,

 

We would advise that you consult with a trained and qualified accountant on the best way to record this and when and what to classify it as, as we are unable to offer accounting advice. If you don't already have an accountant or bookkeeper, you can find a QuickBooks certified proadvisor near you on our online directory. 

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