Tax disbursements imported from my mortgage company are seen as income on my Stessa financial reports. From my perspective of my mortgage company, my mortgage payments are debits (money flowing into my mortgage account) and tax payments are credits (money flowing out of my mortgage account). This tax disbursement “credit” is then imported to Stessa and showing as income on the financial reports which is not correct.
Looks like this is a duplicate on this thread: Split and track escrow transactions separately from mortgage payments - #6 by devin. Seems similar pain is felt by others.
@marcus.swenson Yes, this topic is covered in depth on the forum here:
Split and track escrow transactions separately from mortgage payments
It’s also covered in the Help Articles:
Split & Categorize Mortgage Payments
Bottom line is that disbursements from lender escrow accounts are Transfers, not income. They’re positive (Money In) because the lender is essentially distributing the funds on your behalf, albeit with the restriction that it’s used only to pay a particular vendor (insurance, HOA, property taxes, etc.). That vendor payment should be recorded separately as an actual expense and categorized accordingly.