Landlord Vision

Hi,

I'm very new to Landlord Vision and accounting generally so there is a lot I don't quite follow perfectly. However most things I've just about worked out, but I don't understand one thing. In the Cash Flow Report the sum of all my mortgages (the actual sum borrowed rather than the repayments) are listed as Expenses (Mortgages & Loans). It makes my Closing bank balance very much in the Red. This doesn't make sense to me and appears to renders the Cash Flow entirely unhelpful to my eyes.

Have I set the mortgages up incorrectly or am I simply misunderstanding how the Cash Flow works?

Thanks,
John

Hello John

Thank you for your question

To prevent your mortgages being paid into your bank account, set the Loan Payable To option to non-Bank Account. You can find this by pressing the Edit Mortgage button from within the mortgage. By default the non-bank account option will come up as Fixed Assets

Also, please ensure that the end date for your mortgage is correct and you have not accidentally set it to be one month long

Kind regards
Roy

Hi,

Thanks for that. That resolves the issue although I don't fully understand why. My very limited conceptual understanding of accounting is hampering me!

Regards,
John