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Lee Gold
Level 3

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 1
GeorgiaC
QuickBooks Team

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

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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