[GNC] Entering my real estate and mortgage?

[Chris Miller]

Hi Flavio,

Your bank account "Opening Balance" is as of the beginning of this year, which includes the real estate purchase transactions from before that date. If you want to include those transactions explicitly, then you need to change your opening balance to remove their effect.

Alternatively, you can make your down payment from your "Owner's Equity", instead of your bank account, which is an accurate reflection of reality anyway. The difference between the asset value of the apartment and the liability of the loan is your equity. A+L+E = 0;  Asset(Apartment value) + Liability(Mortgage balance) + Equity(Sum of payments to principle) = 0
-- 
Chris.