QB- mortgages on several different properties

[Adi P.]

This is an accounting question. I am using Quick books

When entering the purchase of a new property, do you tend to create separate mortgage accounts for each property with a different name (eg Mortgage- 123 Main St), or create one big mortgage account, put all the loans in that one pot and just track them by class. 

I track income and expenses by class only. things like building, land, improvements, etc are sub accounts of each individual property and I also mark the class. 

It kind of seems like keeping the mortgages as separate  long term liabilities (or loans) makes it easier to see at a glance and makes more sense?

Looking forward to your thoughts