You would track a house the same way. Except most people do not depreciate
their homes, but instead spend money on capital improvements:
2022-01-01 * "House" "Purchase"
Assets:Bank:MyBank -500,000 EUR
Expenses:Property:AcquisitionFees 50,000 EUR
Assets:Property:Address 1 HOUSE.ADDRESS {450,000 EUR}
2022-06-01 * "House" "New Roof"
Assets:Bank:MyBank -30,000 EUR
Assets:Property:Address 30,000 EUR
The price of the house and the car both depend on the market; that's what I
mentioned at the bottom of my previous message. Any time you receive market
information about the current price of an asset, you can insert a price
directive for it:
2021-06-01 price CAR.MAKEMODEL 17,500 EUR
2022-07-01 price HOUSE.ADDRESS 465,000 EUR
Fava's unrealized gain/loss report will show the PnL from the balance sheet
value (i.e. the cost plus accumulated depreciation or capital improvements).
- Robert
P.S. I also use a plugin to automate inserting the adjusting entries for
depreciation and amortization. I just wanted to illustrate the manual
process in my first reply.
On Saturday, February 11, 2023 at 4:26:05 AM UTC-5 char wrote:
Ok,
thank you very much for all your comments!
But what about for instance buying a house?
House can go up in price and it does depend on the market.
How would you track buying the house?
On Saturday, February 11, 2023 at 3:44:26 AM UTC+1 Red S wrote:
On Friday, February 10, 2023 at 4:48:15 PM UTC-8 Robert S wrote:
The transactions would look like:
2020-01-01 * "Car" "Purchase"
Assets:Bank:MyBank -20,000 EUR
Assets:Equipment:Vehicles 1 CAR.MAKEMODEL {20,000 EUR}
2020-12-31 * "Car" "Depreciation Expense"
Assets:Equipment:Vehicles
Expenses:AccumulatedDepreciation 2,000 EUR
2021-12-31 * "Car" "Depreciation Expense"
Assets:Equipment:Vehicles
Expenses:AccumulatedDepreciation 2,000 EUR
Above is how I do it as well. I use the effective_date plugin
<https://github.com/redstreet/beancount_reds_plugins/tree/main/beancount_reds_plugins/effective_date>
to
automate the above.
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