Postby emm » Thu Jul 21, 2016 10:38 am
Hi,
the Finance Manager module in Landlord Vision does not allow you to create a mortgage without choosing a bank account, i.e. the loan amount always goes to a bank account first. To work around this and reconcile the mortgages in your bank account, please follow the steps below:
1. Go to Account Manager/Journals/Add Journal and post the following journal entries:
DEBIT Fixed Assets {Loan Amount}
CREDIT Bank Account {Loan Amount}
Basically, with each pair of Debit/Credit transactions you will move the loan amount from the bank account to the Fixed Assets account.
2. Go to Account Manager/Bank Account and click on the bank account which you selected when you added the mortgages.
3. On the 'Account Transactions' tab, hover the mouse pointer over each loan received and loan spent transaction and from the cog menu choose 'Ad-hoc reconciliation'.
Regards.