@DecaturInvestor wrote:
What if in this scanario that it’s appraised for much more and at closing you were given $60k. how to you account for the cash given?

 

I don’t see what an appraisal has to do with how much you get at closing.

If you are buying, then you took out a […]

Resolution for 'Accounting for a Cash out Refinancing issue: 'I have some limited accounting experience and am setting up a business account in Quickbooks. My question relates to rental properties. I purchased a property all cash in 2017. Once the property was fixed and rented, I obtained a mortgage to pull out some cash. How do I account for this? In my banking account linked to QB I have: Cash in (wire from lendor / bank) Cash out (paid to my personal banking account) Would this be categorized as mortgage, owner’s investment or something else? If anyone has experience with this I would appreciate it. Thanks!!!' available: Yes.

The Accounting for a Cash out Refinancing 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 Accounting for a Cash out Refinancing issue yourself by looking for a resolution described in the article. If it is a complex Accounting for a Cash out Refinancing issue or you are unable to solve the issue, you may contact us by clicking here or by using other Accounting for a Cash out Refinancing support options.

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