[GNC] how to put loan downpayments in budgets

[davidcousens49 at gmail.com]

Karin
It is not an expense but a liability. When you open the Budget you can expand
the liability accounts and enter budget amounts against the liability account
for the loan/mortgage at the period the  payments are due. If necessary you can
change the budget interval to suit. 

A reduction in the balance of a liability account is a debit to it and a credit
to your bank account just as when you enter an expense the increase in expenses
is recorded as a debit and credit to the bank account. 

David Cousens

On Tue, 2022-03-29 at 20:56 +0200, Karin Lagesen wrote:
> Hi!
> 
> I am trying to figure out how to put my mortgage downpayment into my
> budget. It is not exactly an expense, but I do need to have income enough
> each month to cover that in addition to expenses. I've tried googling to
> see how to do this, but the parts of the manual I manage to find (and other
> things) do not seem incredibly helpful on this, so any pointers are much
> appreciated.
> 
> Thanks!
> 
> Karin