Transfers not showing in Income Statement

warlord at MIT.EDU warlord at MIT.EDU
Wed Sep 3 19:40:12 EDT 2008


Quoting Nicholas Hasser <nick at>:

> I'm running gnucash 2.2.6 on OS X.
> This is more of a general accounting question than a gnucash question, I
> believe.
> I have my mortgage set up as a liability. I have a scheduled transaction
> set up to transfer my monthly payment from assets:checking_account to
> liabilities:mortgage.
> I understand that it they aren't income and expense accounts, but how do
>  I reflect this actual payment being made in my Income Statement
> report? Do I need to set up an expense for my mortgage payment? If so,
> how do I tie that back into the liability which is the loan?

You don't.  Paying down the loan isn't an Expense.  The change
will, however, appear on your Balance Sheet report.   Or you can
see it in a Cash Flow report.

> Thanks,
> Nick

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