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Recording Mortgage Payment

KarmaKarma Member Posts: 3

I am trying to record a mortgage payment in Wave. I am following the instructions where I am debiting my loan account with a pricipal of 1027.19, I am crediting the bank accoount with 2003.68 and interest expense of 976.49 but the balance in the bak account only falls by 976.49 not 2003.68 what am I doing wrong?

in Accounting Technical Support

Comments

  • ErikErik Member Posts: 194 admin

    Hey @Karma, thanks for the post.

    Would you be able to attach a screenshot of your journal transaction as well as the Account Transactions report for your bank account so that we can take a better look at it? If you are uncomfortable with that, we can also continue in a private thread or email.

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