I am trying to record a payment of taxes from my mortgage escrow account (other current asset) but quickbooks tells me to choose a different type of account
I am trying to record a payment of taxes from my mortgage escrow account (other current asset) but quickbooks tells me to choose a different type of account
Assuming the tax payment is part of your mortgage payment, and the escrow company is actually making the payment.
do a journal entry
debit tax paid and credit tax escrow
If the above is not true, please explain your entries for tax escrow
