Hi guys, this is my scenario simplified with hypothetical figures: 1. I bought property ex valued at $100 5 years ago. 2. I start with GnuCash today 3. As of today, let's say I have paid off a part of the loan, and let's say I have $25 left to pay.
Is this how you would do it? 1. create an asset account with a beginning balance of $100 to capture the value of the property. 2. create a liability account with a beginning balance of $25 3. track transactions on the loan, eg interests and payments moving forward not an accounting expert. -- cheers, Gio _______________________________________________ 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.
