[GNC] Entering my real estate and mortgage?

[Boniforti Flavio]

Hi.

I am sure somebody can help me validate my understanding on how to
add/enter my real estate and my mortgage correctly into GC.

I would enter it as follows (let's assume the real estate total cost is
500k):

Assets:Fixed Assets:Real Estate - increase 300k
Liabilities:Loans:Mortgage Loans: - increase 300k
Assets:Fixed Assets:Real Estate - increase 150k (downpayment)
Assets:Current Assets:Checking Account - decrease 150k (downpayment)
Assets:Fixed Assets:Real Estate - increase 50k (reservation)
Assets:Current Assets:Checking Account - decrease 50k (reservation)

If the above is correct, there's another question. I started using GnuCash
this year and put the opening balances of all my accounts dating back to
31.12.2023, but I bought my apartment back in 2018. If I look at it now, I
would have a huge negative balance on my checking account (because the
money was spent in 2018 but I have the opening balance from 31.12.2023).
Should I just add another "opening balance" in my checking account which
equals both the downpayment and the reservation fee?

Thanks,
F.

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