Start with the lender's detail
A bank withdrawal gives the payment total. The lender's statement supplies the components needed to record the payment. Keep both records available when you prepare the entry.
Set up the loan and escrow
Add the loan to the relevant property and record its terms and starting balance. If the lender holds escrow, keep an escrow account so contributions and disbursements can be reviewed separately.
Use a payment template
Enter the principal, interest and escrow components in the loan payment template. Confirm the split totals match the withdrawal. Review the template when the payment or loan terms change.
Review the balances
Open the loan history and escrow register after booking. Compare them to lender records, keeping corrections traceable. Ask your accountant to review the categorization when you are uncertain.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.