Mortgage Transactions Appearing as Positive Instead of Negative
In some cases, mortgage transactions in Billroo may appear as positive amounts instead of negative. This issue arises because the system records two separate transactions:
The first transaction is a debit from the user's account (e.g., offset or checking account), representing the outgoing payment.
The second transaction is a credit to the loan account, reflecting the receipt of funds.
How to Fix It
Follow these steps to ensure proper categorisation and calculation of mortgage transactions:
Go to the transaction in your debit account and mark it as a Mortgage Payment. This ensures it is categorised as a negative (outgoing) expense.
Locate the corresponding transaction in your loan account and mark it as a Transfer. This step excludes it from the overall budget, preventing double-counting.
Outcome
After completing these steps:
The debit account transaction will correctly show as a negative expense under "Mortgage Payment."
The loan account transaction will be excluded from your budget, accurately reflecting the flow of funds without duplication or incorrect categorization.