Got it. Thanks!
Sent from Yahoo Mail for iPhone On Wednesday, November 1, 2023, 12:03 AM, Stephen M. Butler <[email protected]> wrote: I treat it like another asset account. The monthly escrow amount goes in and when the escrow pays out it comes out as an expense. So your monthly payment out of your checking account ends up in three places: 1. Interest Expense. 2. Liability reduction (the mortgage). 3. Escrow asset account. Then when you get the statements you can reconcile/verify the Interest Expense (YTD), the Mortgage balance, and the escrow balance with any related transactions. On 10/31/23 21:03, Edwin Booth wrote: > Hi. How do y’all deal with a mortgage escrow account? Specifically, each > month I pay into the escrow account along with my monthly PMI payment. It > is all an expense. But when the mortgage company pays out money from that > escrow account (for taxe and insurance payments) how do you account for > them in GnuCash? Or do you just wait until tax time and record it on your > return w/o even putting into GC? > > Thanks, Edwin > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
