Skip to main content
Lee Gold
Nov 30, 2022 10:57 AM UTC
Question

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

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

GeorgiaC
Nov 30, 2022 11:04 AM UTC

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. 

Terms & ConditionsAccessibility statement