Mortgage appearing in Cashflow
Posted: Tue Apr 17, 2018 9:49 pm
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
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