Hi. I am sure somebody can help me validate my understanding on how to add/enter my real estate and my mortgage correctly into GC.
I would enter it as follows (let's assume the real estate total cost is 500k): Assets:Fixed Assets:Real Estate - increase 300k Liabilities:Loans:Mortgage Loans: - increase 300k Assets:Fixed Assets:Real Estate - increase 150k (downpayment) Assets:Current Assets:Checking Account - decrease 150k (downpayment) Assets:Fixed Assets:Real Estate - increase 50k (reservation) Assets:Current Assets:Checking Account - decrease 50k (reservation) If the above is correct, there's another question. I started using GnuCash this year and put the opening balances of all my accounts dating back to 31.12.2023, but I bought my apartment back in 2018. If I look at it now, I would have a huge negative balance on my checking account (because the money was spent in 2018 but I have the opening balance from 31.12.2023). Should I just add another "opening balance" in my checking account which equals both the downpayment and the reservation fee? Thanks, F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
