# Property Taxes/Insurance calculations and "paid from escrow"

**URL:** <https://community.stessa.com/t/property-taxes-insurance-calculations-and-paid-from-escrow/10436>\
**Category:** Setup & Support\
**Created:** [April 3, 2023, 10:15pm UTC](https://community.stessa.com/t/property-taxes-insurance-calculations-and-paid-from-escrow/10436 "2023-04-03T22:15:54Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![ttorimoto](https://yyz2.discourse-cdn.com/flex032/user_avatar/community.stessa.com/ttorimoto/32/809_2.png) [@ttorimoto](https://community.stessa.com/u/ttorimoto)\
**Post date:** [April 3, 2023, 10:15pm UTC](https://community.stessa.com/t/property-taxes-insurance-calculations-and-paid-from-escrow/10436/1 "2023-04-03T22:15:54Z")

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First time I’m actually trying to thoroughly use Stessa (Pro User here - the Cash Management feature is the killer!)

With that said, as I finish cleaning up my transactions, ALL of my Mortgage Payments it imported (through the payments that my bank account did) is P&I + Escrow. Of course, Escrow is an estimate of the property taxes and insurance.

What’s the best way to use this data, as well as ACTUAL/REAL Property Tax and Insurance values (that I later get from individual Insurance accounts and Tax sites to let my accountant know exact Insurance/Tax amounts paid)?  
Should be enter those in manually (since we pay them, at least an estimate, through Escrow)? If so - are we supposed to mark them as “paid from escrow”?

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**Author:** ![ethanbiederman](https://avatars.discourse-cdn.com/v4/letter/e/a6a055/32.png) [@ethanbiederman](https://community.stessa.com/u/ethanbiederman)\
**Post date:** [September 11, 2023, 12:43am UTC](https://community.stessa.com/t/property-taxes-insurance-calculations-and-paid-from-escrow/10436/2 "2023-09-11T00:43:47Z")

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Hopefully you’ve already figured this out but your question showed up in my search so it may benefit another user down the road. I don’t think the “paid from escrow” box actually creates another transaction, which is a bummer. While entering your mortgage payments you should be entering the escrow payment as a transfer, either into the General Escrow or specific categories, if you statement has those(mine do not). When your mortgage company makes a direct disbursement to your insurance company, taxes, etc., you need to create an expense transaction and also a CREDIT transaction to the appropriate escrow account.

Example:  
Transaction #1  
Geico Insurance  
Money Out  
-$5000.00  
Liability Insurance  
Property A

Transaction #2  
Geico Insurance  
Money In  
$5000.00  
Transfers \> General Escrow Payments  
Property A

At least that’s my understanding. If you don’t record the credit to the escrow then your escrow balance will keep growing and throw off your balance sheet.