I checked my bank bills again, expenses of interest was only generated on bill-day of each month, so you’re right about I was recording all interest expenses upfront.
It is kind of not faithful nor straightforward, but it did help me to track the real liability at current time, like I only need to pay 1000USD to creditcard bank, but what I actually owe the bank 10000USD, interests included. Now it seems like mortgage plan to me, I will check the document about this and send you my records to you later the day. Martin Blais <[email protected]>于2018年11月23日 周五21:18写道： > 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. > 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/CAK21%2BhPW3%2BLEefT2G%3DoWptnc%3DwB0cSjBve6bR5U83k_TNUsoQg%40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CAK21%2BhPW3%2BLEefT2G%3DoWptnc%3DwB0cSjBve6bR5U83k_TNUsoQg%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > For more options, visit https://groups.google.com/d/optout. > -- 发自移动版 Gmail -- You received this message because you are subscribed to the Google Groups "Beancount" group. 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