Hi Jorge,
The way I would model this is, to model the flat itself as an asset and
the contributions to the flat as loans. Something like this
Jorge
Assets:Receivable:LoanFlat
Partner
Assets:Receivable:LoanFlat
Common
Assets:Flat
Liabilities:LoanJorge
Liabilities:LoanPartner
Because in the end this is not an expense, but a change of "assets". You
"converted" cash into a flat.
That should solve both your problems.
One time fees for the purchase would be modeled as expenses but the main
part of the money should be converted into the asset with the value of
the flat.
Regards,
Patrick
On 26.11.2021 11:32, Jorge Martínez López wrote:
Hi folks,
Just wanted to run this through the group to make sure I'm doing
things the right way.
I have been using Beancount for a couple of years. I started with a
single ledger but then moved to two: one to track my own income and
expenses, the other for shared expenses with my partner (bills and
groceries).
For the shared expenses every month I transfer some money from my
personal bank account to our joint account. In my personal ledger that
goes to "Expenses:Shared:Partner", and in the shared ledger that comes
from "Income:Jorge" (and Income:Partner for her transfers).
That has worked very well but now there is a slight complication as we
are going to buy a flat and while we will still pay the bills 50% /
50%, I'll be paying a slightly higher share of the flat.
The first hurdle is that now the "Income:Jorge" and "Income:Partner"
accounts in the shared ledger are not balanced 50% / 50%. I was
thinking about using separate "Income" accounts for contributions to
the flat or perhaps using tags to exclude tagged transactions in the
fava dashboards but I can't find the way to do it. Moreover, I guess
that I'd also need subaccounts on the "Expenses" and "Liabilities"
accounts (for interests and mortgage)?
The other thing that doesn't look entirely right is that as soon as we
transfer the money for the deposit into the joint account the scaling
of the Fava charts went much higher so our normal income and expenses
are now almost invisible. Which makes me think... Perhaps I'm doing
this wrong and should track the flat on a separate third ledger?
I'm hoping this is a rather common scenario and most folks have
cracked this. I'd appreciate your thoughts on this.
Kind regards,
Jorge
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