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S
suziejg
June 11, 2024
Question

interest only mortgage set up

  • June 11, 2024
  • 1 reply
  • 4 views

Hi

 

I am quite new to quickbooks and accounting. Please could someone help me with setting up an interest only mortgage in the accounts and then tell me where the interest payments go to. Any help would be appreciated

1 reply

E
emmam6
June 11, 2024

Hello Suziejg, thank you for reaching out to the Community. Are you looking to record the mortgage as a liability? If so, here is a help article to help record a loan, then add the balance in QuickBooks, which also shows how to record repayments on the loan. 

Any questions let us know.

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