[GNC] how to put loan downpayments in budgets

[David T.]

I would imagine the down payment would go into an asset account. I.e., transfer from Assets:Savings into Assets: HouseValue? A down payment doesn't go into the liability. It is still your asset...

On March 29, 2022 7:05:07 PM EDT, davidcousens49 at gmail.com wrote:
>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
>
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