Daniel,
When I tracked my mortgages, I kept the balance in a liability account
and then charged the interest to an interest expense account. The
Escrow funds went into an Asset account tied to the property, and
expenses, such as taxes and insurance, were charged against the escrow
asset account wh
Hi Alan,
In case you or anyone else is interested, here is a brief example of offset
mortgage - it is not uncommon in NZ but not sure what it's called in
other countries or if it's even a thing:
An offset mortgage doesn’t affect the value of your savings. Instead, your
> savings are deposited wit
I guess I don't understand what you mean by offset your mortgage.
For the other things, things such as gifts and tithes, they would go into a
liability account against the expense category you choose for them. When you
pay / make the gift, you would transfer from your assett account (checking,
Thanks Alan,
I wonder about the roll up figure on the accounts tab - I have heaps of
future transactions scheduled months in advance to help me forecast.
But that means the account tab never reflects the current balance. So I
can't use that to reconcile.
Unless there is a setting somewhere to show
Daniel,
I would suggest that you use the second savings account and it would help with
the over spending.
I think it would look something like this, please forgive formatting as I'm on
mobile, but you should get the idea.
Checking debit 10k / salary credit 10k
Credit checking 1k / debit savin
Hi Richard, thanks for your reply.
Alan had a similar suggestion. Since I forgot to cc the mailing list in my
response to Alan, I'll include it here in case it is helpful to someone
reading the mail archive.
Thanks for all the input,
Daniel
--
In the beginning Kibo created the Internet. Now the I