Car loan payments and budgets

[Phil Longstaff]

Technically, payments which reduce loan principal are not an expense.  They are just a transfer.  What *is* an expense is the interest.

Having said that, what you can do is include both interest and the loan account in your budget.  They will show up separately on the budget report.


________________________________
 From: skerit <jelle at kipdola.be>
To: gnucash-user at gnucash.org 
Sent: Thursday, April 26, 2012 7:38:33 PM
Subject: Car loan payments and budgets
 
I just bought a new car. If I do everything by the gnucash-book I have to
create an account for the loan in the "liabilities" section.

But I don't see how I can make that work with my budget.

Because, no matter how you look at it, in the end those loan payments are an
expense. And if I just transfer the money from my account to the loan
account it will never show up in my budget report

Or am I missing something here?

--
View this message in context: http://gnucash.1415818.n4.nabble.com/Car-loan-payments-and-budgets-tp4591360p4591360.html
Sent from the GnuCash - User mailing list archive at Nabble.com.
_______________________________________________
gnucash-user mailing list
gnucash-user at gnucash.org
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.