I track almost exactly like your example, except that the liability is only the amount I actually financed. The down payment gets paid to the dealer and counts as "Expense:Car" or something like that. I use Expenses:Interest:Car for the interest.
On Tue, Jul 3, 2018 at 12:46 PM, Shane <[email protected]> wrote: > 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. > -- --- 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.
