On Fri, Nov 23, 2018 at 8:36 AM Richard W <[email protected]> wrote:
> 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. > No need, sounds like you figured it out already. 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. > 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/CALTbPmTzOkDhXXpKjR%3DxxQvKxUADasDZi%2BnqNWGqBYqL8z57Ow%40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CALTbPmTzOkDhXXpKjR%3DxxQvKxUADasDZi%2BnqNWGqBYqL8z57Ow%40mail.gmail.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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