Thank you!
What's the proper way to record the entries? I am still fairly new to PC and was not around when the original setup was completed.
Search found 2 matches
- Thu Oct 14, 2021 10:31 am
- Forum: Accounting
- Topic: Refinancing Mortgage with Extra Cash
- Replies: 3
- Views: 1352
- Mon Oct 11, 2021 9:59 pm
- Forum: Accounting
- Topic: Refinancing Mortgage with Extra Cash
- Replies: 3
- Views: 1352
Refinancing Mortgage with Extra Cash
We refinanced with our current lender and received extra cash out to replace our roof. What is the best way to update PC with our new mortgage amount? Should I close out the old loan and set up a new one? Or just adjust the amount of the current mortgage? I'm using version 12. Old Loan Amount - $225...