Marcus As a number have people have pointed out you may need to keep the cost basis of your house separate from any adjustments for the estimate of the current value you may apply to calculate your estimated current net worth. You can have your cake and eat it too in this case.
Under your fixed asset:house asset acount you can have a sub account to record variations in the estimated value of the house and a separate sub account for recording the cost basis of the house both summing into the parent account. The amounts debit/credited to this account would be credited/debited to any equity account suitably labelled to indicate that it reflects the estimated market value. For a report for taxation purposes where you need the actual cost basis you only include the relevant asset/equity accounts and exclude those which reflect the current market value. For a report for your own purposes you would include the accounts recording the market value adjustments. You just need to be clear which accounts have to be used for which purposes and construct the reports wit the options accordingly. Commenting the accounts in the notes appropriately and displaying the notes in the account tab can keep this clear. David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ 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.
