Hi: I'm having trouble setting up the accounts to reflect the scenario below:
Fixed asset = 2015 Pickup truck purchased in June 2015 for $62000 Liability = Current outstanding loan amount = $38000 ?? = Current market value of the truck = Approx $45000 Since I'm just starting to use GNUcash I input the values thus: Fixed asset = 2015 truck: $45000 Liability = Truck Loan: $38000 What happens is that I get an entry in the "imbalance" account of $7000 which makes sense because the asset value doesn't match the loan amount. Question: How do I structure the accounts above to reflect that I have $7000 worth of equity in the vehicle without it showing up in the imbalance account? Thanks in advance John Confidentiality Notice: This e-mail and its attachments are confidential, may be privileged and are intended only for the authorized recipients of the sender. Recipient is not permitted to publish, copy, disclose or transmit the contents of this email and its attachment unless expressly authorized in writing by the sender or document author. If you have received this e-mail in error, please delete it immediately and advise the sender by return e-mail. _______________________________________________ gnucash-user mailing list [email protected] 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.
