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by MuncieFriendsChurch
Fri Sep 05, 2025 2:12 pm
Forum: Accounting
Topic: Land Contract "Loan" - Invoice - Accounts Receivable
Replies: 1
Views: 45

Land Contract "Loan" - Invoice - Accounts Receivable

A non-profit has purchased the church building through a land contract, and we will hold the mortgage for 10 years. We didn’t loan the money to them directly. The non-profit will be paying monthly over 10 years, and there is no interest. I have several questions on how to set this up in Accounts Rec...