That's incorrect; interest is an expense, not a liability.
You can do something like this:
YYYY-MM-DD * Buy a new computer"
Expenses:Electronics 10000 USD
Liabilities:EMI:Computer -10000 USD
then on each payment
YYYY-MM-DD * "EMI payment"
Liabilities:Creditcard -2100 USD
Liabilities:EMI:Computer 2000 USD
Expenses:Interest 100 USD
With suitable naming you can also create an interest account dedicated to
all your EMIs, or to each loan, as you choose, or not (and sums over
filtered postings later if you want the same info).
On Wed, Nov 21, 2018 at 5:11 AM Richard W <[email protected]> wrote:
> If you're talking about installment plan
> <https://en.wikipedia.org/wiki/Hire_purchase> or something like that: You
> bought somethings with credit, pay parts of money each period in a fixed
> time(like 6 months or a year).
>
> I'm facing the same issue, I'm trying to deal it like this:
>
> {DATE} open Liabilities:CreditCards:XXX:Bill
> {DATE} open
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Principal ;;Pay
> within six months
> {DATE} open
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Interests
>
> {DATE} * "buy a new macbook pro with installment plan"
> Expenses:CutMyHandIfBuyMore 20000 CNY
> Expenses:BankEatMyInterests 2000 CNY
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Principal
> -20000 CNY
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Interests -2000
> CNY
>
>
> When my bill come, I append a new entry:
> {BillDATE} * "Stage-1 buy a new macbook pro with installment plan"
> Liabilities:CreditCards:XXX:Bill -4000 CNY
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Principal +3700
> CNY
> Liabilities:CreditCards:XXX:InstallmentPlan:MacBookPro:Interests +300
> CNY
>
>
> Not sure if it'll work, but I think there're may better solution.
>
>
> On Wednesday, November 21, 2018 at 2:30:26 PM UTC+8,
> [email protected] wrote:
>>
>> Hi,
>> I have purchased a few thing using my credit card on emi. Below are the
>> details which I would like to track and I am not able to figure out how
>> Before start of emi:
>> max Credit card limit was 50k
>> Available limit was 49k
>> Spent on purchases 1k
>>
>> After emi:
>> I bought an item worth 10k with monthly emi of 2k for 6 months
>> max Credit limit is still 50k
>> Available limit is 37k
>> Spent on purchases 1k
>>
>> I have been tracking it by adding entries as and when they are debited
>> but the problem with this is that I am unable to track my current bill
>> amount and the available limt.
>>
>> I can share my beancount file if needed.
>>
>> Thanks.
>>
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