How do you record a loan payoff against an existing mortgage?
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lbkovar
Quicken Windows Subscription Member
I have an existing mortgage account attached to an asset. We sold the property and the original loan has now been paid off. There is no option that I can see in the loan register to record the payoff. How would I go about getting the transaction entered before I close the account?
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You'd record a transfer of funds received into the Loan account to take it's balance to $0.There is no "Payoff" function per se.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0
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