Quickbooks tax questions

[Ehab Shoukry]

Hi all -

I'm quickly getting more comfortable with quickbooks but as I get better I want to continue to learn more.  Currently I'm entering my mortgage payments into three accounts: principal, interest, and escrow.  I'm confused when in QB am I supposed to enter the transactions for when taxes and insurance are paid out of escrow.  Would these be journal entries?  I currently see my escrow account growing but it eventually will go down when my mortgage company pays taxes and insurance and I'm not sure how that gets reflected in QB.

I'm also not clear when I get my mortgage interest statement at the end of the year, what am I supposed to do with that in QB.  Do I just compare it to the mortgage interest expense I created in QB?

My last question is around depreciate expense.  Is this something I enter in QB at the end of the year or does my accountant just do this when he does my taxes?  I wasn't sure if I actually have to account for this in QB.

Thanks for all the future help.

Ehab