Record a mortgage as a lender in QuickBooks

mortgage as a lender

Q: How do I set up a mortgage as a lender? I have created a  new company to only track the money I lend to others.

A: In a mortgage as a lender, you lend money to purchase a property using the property as collateral if the borrower cannot pay their monthly loan amounts.

Create Items for:

  • Principal amount
  • Interest
  • Late fees
  • Other charges

Use them when creating an Invoice.

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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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