QB Issue Resolution:
I like to record my mortgage payment by conciliate with bank feed? Can I enter the full amount in a mortgage account and make a entry journal at the end of the year to balance the principal and interest payments?
Yes you can, though the best practice would be to do the journal entry monthly, that matches interest expense with the monthly expenses
Resolution for Issue 'How do I record Mortgage payment?' available: Yes (Solved).
Source: Intuit Community forum.
How do I record Mortgage payment?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.
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Error Recovery for Journal Entry [Canada]
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