Thanks, Peter. Do you track your car as an asset or an expense? If an asset, do you track depreciation?
On Tuesday, July 3, 2018 at 10:15:57 AM UTC-7, Peter Keen wrote: > > 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] <javascript:> > > 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] <javascript:>. >> 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.
