I would imagine the down payment would go into an asset account. I.e., transfer from Assets:Savings into Assets: HouseValue? A down payment doesn't go into the liability. It is still your asset...
On March 29, 2022 7:05:07 PM EDT, davidcousen...@gmail.com wrote: >Karin >It is not an expense but a liability. When you open the Budget you can expand >the liability accounts and enter budget amounts against the liability account >for the loan/mortgage at the period the payments are due. If necessary you can >change the budget interval to suit. > >A reduction in the balance of a liability account is a debit to it and a credit >to your bank account just as when you enter an expense the increase in expenses >is recorded as a debit and credit to the bank account. > >David Cousens > >On Tue, 2022-03-29 at 20:56 +0200, Karin Lagesen wrote: >> Hi! >> >> I am trying to figure out how to put my mortgage downpayment into my >> budget. It is not exactly an expense, but I do need to have income enough >> each month to cover that in addition to expenses. I've tried googling to >> see how to do this, but the parts of the manual I manage to find (and other >> things) do not seem incredibly helpful on this, so any pointers are much >> appreciated. >> >> Thanks! >> >> Karin > >_______________________________________________ >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. _______________________________________________ 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.
