I just bought a new vehicle and I'm not quite sure how I should go about
structuring accounts and transactions to give me the most accurate
reporting.
1. Should the car's value be an asset? How would I handle depreciation?
2. If the car is an asset, should I convert it to a commodity to track
depreciation?
3. Should my down payment pay off the new liability account I created?
4. What account should interest be credited/debited to?
Here is what I was thinking:
// should the new car be an asset? would it be better to convert it to a
commodity?
2018-07-02=2018-07-02 * dealer
; note: new car
ass:car 20,000.00 USD
lia:debt:car -20,000.00 USD
// is it correct that my down payment should pay off the liability?
2018-07-02=2018-07-02 * dealer
; note: down payment
lia:debt:car 4,000.00 USD
ass:checking
// where should interest go?
2018-08-01=2018-08-01 * bank
; note: car payment
lia:debt:car 1,000.00 USD
exp:interest:car? 150.00 USD
ass:checking
I would greatly appreciate some examples of how you tracked your new
vehicle.
--
---
You received this message because you are subscribed to the Google Groups
"Ledger" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to [email protected].
For more options, visit https://groups.google.com/d/optout.
