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05/24/2012 at 04:51PM PDT

Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.

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New Member

07/21/09 1:10pm PDT

receiving a mortgage payment as a decrease in fixed asset and revenue

US QuickBooks Premier : 2009: Nonprofit

I hold a mortgage on a property. The mortgage is listed as a fixed asset. I need to reflect the monthly payment as a decrease in the fixed asset but also reflected as monthly revenue. Any thoughts?

1 Reply

New Member

07/23/09 6:24am PDT

Latest post

The mortage should not be listed as a fixed asset it should be listed as a receivable. Who owns the property? Do you have a mortgage payable on the property? The monthly payment received would be recorded as debit cash on hand (deposit) credit mortgage receivable and if you are charging interest, credit interest income for the interest amount. Hope this helps

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