Re: Tracking property and shared expenses.

Hi all, I have a similar question. However my setup is slightly different in that we don't have a preset division of the loan. We divide the contribution to both based on how our income compares, so this can change over the years. As such, and on advice of the notary, we want to keep track of h

Re: Tracking property and shared expenses.

Hello Patrick, Thanks again for your help, this has been quite insightful. Kind regards, Jorge On Sun, 28 Nov 2021 at 11:31, 'Patrick Ruckstuhl' via Beancount wrote: > > Hi Jorge, > > Yes having different income accounts makes sense if you are interested in > knowing the details. Interest need

Re: Tracking property and shared expenses.

Hi Jorge, Yes having different income accounts makes sense if you are interested in knowing the details. Interest needs to go vs income/expenses as it's an outflow, you can't get it back when you sell the flat, so it shouldn't increase your loan. Regards, Patrick On November 28, 2021 12:14:24

Re: Tracking property and shared expenses.

Hello Patrick, Thanks again! Is there any reason why the payment for the interest expenses cannot be done against the Liabilities (loan Jorge and Partner) instead of the Income accounts? That way the liability accounts would track the whole amount going into the flat (Asset + Mortgage Interest) w

Re: Tracking property and shared expenses.

Hi Jorge, If the monthly contributions are interest (so not reducing the principal of the loan), they are expenses, so I would model it like this Income:Jorge -200 Income:Partner -100 Expenses:Interest 300 If they are paying back some of the principal, I would

Re: Tracking property and shared expenses.

Hi Patrick, This is indeed quite useful and does exactly what I need, thanks a lot. For the sake of completeness, I assume that monthly contributions towards the mortgage would look like this on the shared ledger: Liabilities:LoanJorge-800 Liabilities:LoanPartner -200 Liabilities:LoanBank

Re: Tracking property and shared expenses.

Hi, It's always about splitting income/expense from asset flows So to give a more complete example for buying a flat. My assumptions - deposit is 5000, you pay 3000, your partner 2000 - you pay an additional 1 for the flat out of assets, you 8000, partner 2000 - you take on a common l

Re: Tracking property and shared expenses.

Hello, Thanks Patrick! Your model makes sense. From the individual ledger point of view, do you also include the interest paid in the transfer to Assets:Receivable:LoanFlat? Or would you transfer it to Expenses:Shared or Expenses:Interest? In the common ledger I still have the issue that the one

Re: Tracking property and shared expenses.

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 Becaus

Tracking property and shared expenses.

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 a