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Fix a mortgage liability balance
Posted: Fri Jan 17, 2020 10:24 pm
by raylaurenza
Somehow, my mortgage liability account (01-2620) has the wrong balance according to actual due with the bank.
I need to increase the balance for this account, but don't want to affect anything else.
Is there a way to do this???
Thanks
Ray
Re: Fix a mortgage liability balance
Posted: Sat Jan 18, 2020 11:02 am
by NeilZ
raylaurenza wrote:Somehow, my mortgage liability account (01-2620) has the wrong balance according to actual due with the bank.
I need to increase the balance for this account, but don't want to affect anything else.
Is there a way to do this???
Thanks
Ray
Was the bank balance wrong because of interest, or too much applied in Powerchurch to principal?
Re: Fix a mortgage liability balance
Posted: Sun Jan 19, 2020 8:31 am
by raylaurenza
I am not not sure how it got to be be different. I probably would have to keep going back month by month till I found what happened. I guess I was looking for an easy way to fix the balance
Re: Fix a mortgage liability balance
Posted: Sun Jan 19, 2020 3:06 pm
by NeilZ
raylaurenza wrote:I am not not sure how it got to be be different. I probably would have to keep going back month by month till I found what happened. I guess I was looking for an easy way to fix the balance
There isn't an easy way as you have to have a balanced transaction. Without knowing if too much or not enough of the principal was shown as paid, or too much or not enough interest was shown, there's not much to say.