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Hey @KeyboardSmash, one of our existing Wave customers brought up this great option. You mentioned that you already have unpaid bills open, so you may be able to skip the next few steps, but just in case this is how we'd recommend setting it up.

Select Purchases > Bills. Select Create a bill.
On your bill, select Vendor then add a new vendor named Myself or your company name.
Select the product box and Add new product. Call this new product Mileage expense tracking 2019. Set the expense account to Travel Expense and just leave the price as 0.00 (since this will be different for each bill). > On the bill, your quantity = # of units traveled (miles) and the price = the total price divided by the # of units. > In this example, remember you had an expense of $55.50 and 100 miles. This means the quantity = 100 and the price = 0.5555.

Save the bill! Your last step is to Add a payment and this will update your accounting to show the expense. You'll also be able to pull up reports on your travel expense costs for claiming purposes, or to pass along to a client should this become a reimbursable expense for you.

@mdkoch84,
I would use Long Term Liabilities. Using the accounts under Loan and Line of Credit assumes it will be connected. Since it cannot, there is less flexibility to categorize transactions from the register.

@mdkoch84,
If you want to know the principal balance on a monthly basis then you would split the disbursement between Interest Expense and Mortgage Payable - XYZ. Follow the amortization schedule to obtain the monthly breakdown. Real Estate usually requires a journal entry to get everything from the closing statement on the books. Debits to Land, Building, Mortgage Costs, Escrows and credits to Mortgage Payable. Many times there are miscellaneous items such as taxes and insurance which would be debited or credited depending on the closing statement.