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How to set up QuickBooks Loan Manager

Q: How do I correctly set up a home loan account(s) to track principal, escrow, and interest on an already existing mortgage?

A: Enter the vendor name, loan account as a liability account and use the Loan Manager under Banking tab on the menu bar. Check out the help section within QuickBooks program for more detail.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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