I don’t have a general answer to give, but > I'm having trouble figuring out what the initial house purchase entry > should look like, though. Did you create something like an "assets:house" > account with 1 house in it? Or did you balance against "equity:house" or > something else? > > 2021-02-06 someone > assets:house 1 > house > liabilities:mortgage $ -X > assets:checking $ -X
This process might be a bit problematic. Say you do some work on your house, and it gains some value. Where will you put the expenses related to this work? If you put it as an expense, then if one day you re-sell the house, your "1 house" will value more (usually, more than what you put in it minus some time deprecation) but you won’t be able to track how much you won by that, because part of it is untracked in your expanses. And you cannot put it in assets:house because that’s not an asset. One possible solution to that is to "tag" the said expenses (with a :MyHouse: for instance), so that you can track them and add them to the "house value" if one day you sell it back. -- Ismael -- --- 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]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/20210219150429.tnrhnplmqqtx7va5%40dilion.
