Hello, I am found a chart of account template for rental property. I don't understand why there is an account for "Real Estate Mortgages" and for "Mortgage interest payment"?
https://stratafolio.com/setting-up-a-chart-of-accounts-for-your-real-estate-company/
Your payment when you make the monthly mortgage payment is composed of two parts, the mortgage company statement shows that. You pay down the loan, and you pay interest on the borrowed money
the account Real Estate mortgage is a liability account, the loan
the account Mortgage interest payments is an expense account for interest paid
just like it says in your screen shot far right column
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