My charity makes monthly mortgage payments, how do we account for these?

This article is for churches and charities that account on an accruals basis.

For charities that account on a receipts and payments basis (cash basis), see this help guide article on loans.

Mortgages are regarded as long-term loans and are found on the Balance Sheet under the category of Non-Current Liabilities.

Clicking on the line 'Long Term Loan / Mortgage' will take you through to the Loans Screen, where all current (and closed) loans will be listed.

Making mortgage payments

Each month when a mortgage payment is made, you need to reconcile this as a loan repayment.

See this helpguide article for how to make loan repayments.

To add a mortgage you have taken out:

If the mortgage existed when you started using ExpensePlus, you need to add it to your opening fund balances.
If it is a new mortgage, see this article for how to add new loans and mortgages.