Or Assets:Fixed Assets:House - if you distinguish between fixed assets and current assets.
And yes, it is already an asset. If the purchase should fall through and you get your deposit back the asset goes away and the money goes in your bank account. Otherwise, it’s part of the cost basis for the house. Presumably, you get to create Liabilities:Mortgage as the source for part of the remainder. > On Feb 17, 2018, at 9:56 AM, Robert Heller <hel...@deepsoft.com> wrote: > > At Sat, 17 Feb 2018 21:31:54 +0700 Tony Vanson <tonyvan...@gmail.com > <mailto:tonyvan...@gmail.com>> wrote: > >> >> Hi all, >> Hopefully someone can point me in the right direction on how to account for >> a house purchase in GNUCash. >> I have contracted to buy a house and have paid a 10% deposit from my bank >> account, with the remainder becoming due within 2 months. I understand that >> the deposit amount is a debit against my bank account but I have no idea >> what the corresponding double-entry should be. I assume when this purchase >> is completed it will be an asset? >> Regards > > How about Assets:House ? > >> >> >> Sent from Mail for Windows 10 >> >> >> >> --- >> This email has been checked for viruses by Avast antivirus software. >> https://www.avast.com/antivirus >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> If you are using Nabble or Gmane, please see >> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> >> > > -- > Robert Heller -- 978-544-6933 > Deepwoods Software -- Custom Software Services > http://www.deepsoft.com/ <http://www.deepsoft.com/> -- Linux Administration > Services > hel...@deepsoft.com <mailto:hel...@deepsoft.com> -- Webhosting Services > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists > <https://wiki.gnucash.org/wiki/Mailing_Lists> for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
