How to track mortgage (liability) payments as part of expense reports

Mark Johnson mrj001 at
Sun Jun 4 22:25:21 EDT 2006

There is a section in the manual on keeping track of capital assets.  It 
uses a Degas painting as an example.  I have the same accounts for my 
house, except I refuse to enter the unrealized capital gains.  (House 
prices here have gone stupid, and I won't enter the estimated unrealized 
gains because I don't expect it to last.)


Adam Rosi-Kessel wrote:

>On Sun, Jun 04, 2006 at 05:42:56PM -0700, Beth Leonard wrote:
>>For example:
>>Equity:Opening Balances   -> Assets:House		$100,000.00
>>Equity:Opening Balances   -> Liabilities:Home loan	$80,000.00
>>With those two transactions, you should see in your Equity account
>>that you have a net worth of $20,000.  (Which was presumabely your
>>downpayment on the house.)  If your remaining loan amount was less,
>>you can add another transaction from Liabilities:Home Loan to 
>>Equity:Opening Balances, to reflect the actual value outstanding
>>on your loan.
>I've always wondered: does anyone make any attempt to account for
>appreciation and depreciation of assets? A house is probably the best
>example for most of us. If the real estate market for my neighborhood
>shows that prices are increasing 5% per year, should there be some way to
>reflect that in net worth? Likewise, if you don't do any maintenance on
>your house, it will start to depreciate.
>Both the appreciation and depreciation would have to be estimates. I know
>standard accounting practices have something to say about this... but
>does anyone try to track it in gnucash?
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