>
> interest is an expense, not a liability.
>
This is correct. I made a mistake in my reply.
YYYY-MM-DD * Buy a new computer"
Expenses:Electronics 10000 USD
Liabilities:EMI:Computer -10000 USD
In my condition, when EMI or creditcard's installment plan was setup,
interests would be calculated and took the credit limit. It would be like:
YYYY-MM-DD * Buy a new computer"
Expenses:Electronics 10000 USD
Expenses:Interests 500 USD
Liabilities:EMI:Computer -10000 USD
I add `Liabilities:EMI:Interests -500 USD` because it's already my
liability(even it was not listed in creditcard bill of current month), or
should I just add -500 USD to `Liabilities:EMI:Computer -10500 USD`? so I
can track the available limit.
On Friday, November 23, 2018 at 9:45:41 AM UTC+8, Martin Blais wrote:
>
> 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] <javascript:>>
> 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.
>>>
>> --
>> You received this message because you are subscribed to the Google Groups
>> "Beancount" group.
>> To unsubscribe from this group and stop receiving emails from it, send an
>> email to [email protected] <javascript:>.
>> To post to this group, send email to [email protected]
>> <javascript:>.
>> To view this discussion on the web visit
>> https://groups.google.com/d/msgid/beancount/c67362a9-3ce8-4244-a46a-5caac8818968%40googlegroups.com
>>
>> <https://groups.google.com/d/msgid/beancount/c67362a9-3ce8-4244-a46a-5caac8818968%40googlegroups.com?utm_medium=email&utm_source=footer>
>> .
>> For more options, visit https://groups.google.com/d/optout.
>>
>
--
You received this message because you are subscribed to the Google Groups
"Beancount" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to [email protected].
To post to this group, send email to [email protected].
To view this discussion on the web visit
https://groups.google.com/d/msgid/beancount/17b1a37d-2f8e-4502-aaea-b3e93fd294c9%40googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
