How do I keep track of mortgage interest received?
Joe7
Member ✭✭
I have a loan set up on Q with myself as the lender. When I look at the payment details, I see the breakdown each month for Principal and interest, but if I run a report for any of the interest income categories, it's not showing the mortgage interest received.
When setting up the loan, I do not see anywhere for me to create a special income category. Please advise, Thank you.
When setting up the loan, I do not see anywhere for me to create a special income category. Please advise, Thank you.
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Answers
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What category is defined in the transaction Split detail for the Interest amount?When you originally created the loan that category may have been defined as an Expense category, e.g., Loan:Interest. After that, when you converted the loan to a Lender Loan ... did the category change to an Income category or is it still an Expense?0
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