Brilliant, that worked perfectly. For posterity, the modified ledger file I 
used is:

~Monthly to 2014/09/01
    Expenses:Rent                            $500.00
    Assets

2014/07/01 * Test 1
    Expenses:Rent                            $500.00
    Liabilities:Checking

2014/08/01 * Test 1
    Expenses:Rent                            $500.00
    Liabilities:Checking

~Monthly from 2014/09/01
    Expenses:Rent                            $600.00
    Assets

2014/09/01 * Test 1
    Expenses:Rent                            $600.00
    Liabilities:Checking

On Friday, September 5, 2014 10:16:16 PM UTC-7, John West wrote:
>
> I haven't used these enough to know exactly what you need to include the 
> periods you're looking for, but constructs like:
>
> ~Monthly from January to August
>
> and
>
> ~Monthly from September
>
> should do the trick.
>
> --
> John West
> http://gplus.to/jwest23
>
>
>
> On Sat, Sep 6, 2014 at 12:42 AM, Dave Wells <[email protected] 
> <javascript:>> wrote:
>
>> Is there a way to change the budgeted amounts for expenses part way 
>> through a ledger file? Or do I need to start a new ledger file? For 
>> example, let's say I have the following ledger file:
>>
>> ~Monthly
>>     Expenses:Rent                            $500.00
>>     Assets
>>
>> 2014/07/01 * Test 1
>>     Expenses:Rent                            $500.00
>>     Liabilities:Checking
>>
>> 2014/08/01 * Test 1
>>     Expenses:Rent                            $500.00
>>     Liabilities:Checking
>>
>> But let's say I move at the end of August and now want to budget 
>> $600/month for rent. I tried just adding another budget block:
>>
>> ~Monthly
>>     Expenses:Rent                            $600.00
>>     Assets
>>
>> 2014/09/01 * Test 1
>>     Expenses:Rent                            $600.00
>>     Liabilities:Checking
>>
>> However, this had the effect of adding to the budgeted amount rather than 
>> replace it, so my budgeted amount of rent became $1100. Would appreciate 
>> any suggestion, though I suspect I'll need to start a new ledger file.
>>
>> Dave
>>
>>  -- 
>>
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