I think something like the following will work. You need to create two off-setting accounts: Mortgage Payable (liability) and a sub-account Mortgage Payment (asset). You would not budget Mortgage Payable, Mortgage Interest (expense) or Mortgage (liability). A typical payment transaction where the payment is $1000 = $200 principal plus $800 interest would be Credit Checking $1000 Debit Mortgage $200 Debit Mortgage Interest $800 Debit Mortgage Payable $1000 Credit Mortgage Payment $1000.
If your lender has given you a schedule with breakdown of each payment or you use schedule transactions then you may want to enter this as two transactions. Debit Mortgage $200 Debit Mortgage Interest $800 Credit Mortgage Payment $1000 Credit Checking $1000 Debit Mortgage Payable $1000 Dale On 04/06/2018 10:12 PM, Andy Pastuszak wrote: > Budget it to what account? > > Andy > > On Fri, Apr 6, 2018 at 11:09 PM, Dale Alspach <alspac...@gmail.com > <mailto:alspac...@gmail.com>> wrote: > > I suggest just budgeting the total payment. Most budgeting issues are > actually cash flow so the total payment is the important number. > > Dale > > On 04/06/2018 09:07 PM, Andy Pastuszak wrote: > > I came up with an idea. I created and asset account called Mortgage > > Payment, and do a transfer of my monthly mortgage payment to that > account. > > In that account register, I do 2 transactions, one that pays the > mortgage > > and one that pays the principal. Need to tinker and see how this > works for > > budgeting. > > > > On Fri, Apr 6, 2018 at 9:22 PM, Andy Pastuszak > <apastus...@gmail.com <mailto:apastus...@gmail.com>> wrote: > > > >> I'm trying to find the best way to budget a loan. The principal and > >> interest of the loan changes every month as you make payments, so > it's kind > >> of tough to budget them without being forced to adjust the budget > amount > >> every single month. Is there some kind of "best practice" for > budgeting > >> loans? > >> > >> Andy Pastuszak > >> > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists > <https://wiki.gnucash.org/wiki/Mailing_Lists> for more information. > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists > <https://wiki.gnucash.org/wiki/Mailing_Lists> for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.