This is incorrect--how do I record this stuff

Yawar Amin yawar.amin at gmail.com
Wed Jan 16 22:48:31 EST 2013


Hi,

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Regards,

Yawar

On 2013-01-16 21:54, Nancy and Dave Zaruba wrote:
>#
>
> /Fixed Assets?????/
>
>#
>
> Assets that increase in value over time are another form of
> investment. Examples include a house, a plot of land, or a valuable
> painting. This type of investment is very difficult to determine the
> value of until you sell it. The tax implications of selling these
> items is varied, depending on the item. For example, you may have tax
> relief from selling a house if it is your primary residence, but may
> would not receive this tax break on an expensive painting.
>
> Fixed asset investments are discussed in Chapter 9, /Capital Gains/
> <mk:@MSITStore:C:%5CProgram%20Files%5Cgnucash%5Cshare%5Cgnucash%5Chelp%5CC%5Cgnucash-guide.chm::/ch09.html>and
> Chapter 11, /Depreciation/
> <mk:@MSITStore:C:%5CProgram%20Files%5Cgnucash%5Cshare%5Cgnucash%5Chelp%5CC%5Cgnucash-guide.chm::/ch11.html>.
> Typically, there is not much to do in terms of accounting for fixed
> asset investments except recording the buying and selling transactions.
>
>  
>
> I have rental property (fixed assets?).  I have to keep track of every
> dime I spend on them *by address* and *type of expense*, that is:
> utilities, cleaning, repairs, taxes, vehicle expenses, insurance, etc
>
> I was using Microsoft Money-old version 1, but it finally died.  I was
> just using it as a glorified checkbook that let me designate the
> vendor, the category (utilities, repairs, etc) with a sub-category and
> property with a sub-category.  So I had 2 categories with a
> sub-category for each transaction. But I could do everything I really
> needed to do with it and got good reports. But that program has failed
> and I found your program and am trying it but I am a bit confused.
>
> How do I do a checkbook register or ledger to keep this information in
> this program?
>
> Thanks for your help.
>
> Nancy
>

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