Sure but the problem with that is you'd be recording all the interest expense upfront, probably not what you want. I'd have to see your records / receipts to fully understand your situation. The general rule is to try to reproduce all the events as faithfully and straightforward as possible.
On Thu, Nov 22, 2018 at 9:03 PM Richard W <[email protected]> wrote: > 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]> 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]. >>> 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/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 > <https://groups.google.com/d/msgid/beancount/17b1a37d-2f8e-4502-aaea-b3e93fd294c9%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. 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