How to post monthly mortgage payments in general ledger?

@Simple 

You have a couple options:

1) The best way is to create a bill breaking out the principal and interest portions and then pay the bill.

2) Write a check (use check # EFT or whatever if you pay electronically) and break out the principal and interest portions on the "check".

The difference between the two options is that, if you're on accrual basis, the principal reduction and interest expense are recorded as of the bill date, not the payment date.  If you use a check, the principal reduction and interest expense are recorded as of the check date.  If you're on cash basis, the principal reduction and interest expense are recorded as of the bill payment/check date, not the date of the bill.  So, it's quicker to create a check if you're on cash basis.

Thank you! The monthly payment is automatic w/d with the bank. In my QB desktop I have been going under “banking” then “write check” and I post the interest and principals as two separate line items in the body.

Do I also need to post it in the general ledger?

Thank you! I have the payment as automatic w/d with the bank. In my QB desktop I go under banking tab and write checks and enter both lines of principal and interest amounts in the body. But should I also in addiction to doing this need to make a General Ledger post for them?

@Simple 

Checks post to your GL so, no, you don't need to anything other than write the check.