[GNC] How to Properly Record Valuation Changes in Home Value?

[Murugan Mariappan]

Revlaution suplus / deficit should be treated as non P&L items, so best way to is to create a Revaluation Account under Equity and pass the entries for example


Dr Assets:Building (PPE)                         $100,000
    Cr Equity: Revaluation Account         $100,000

If there is a loss then it will  be in the reverse for example

Cr Assets:Building (PPE)                         $50,000
    Dr Equity: Revaluation Account         $50,000



Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of Harold Hallikainen via gnucash-user <gnucash-user at gnucash.org>
Sent: 15 September 2025 00:03
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: Re: [GNC] How to Properly Record Valuation Changes in Home Value?

I'd be tempted to have two subaccounts in the MyHome asset. These would be
Purchase Price and Unrealized Appreciation. Then have an income account
called Unrealized Income.

Harold


On Sun, September 14, 2025 7:57 pm, Tom Route-36 wrote:
> Hi all,
>
>
> This is more of a double entry bookkeeping question rather than
> something specific to GnuCash; but I'd appreciate any input on the proper
> way to do this.  I'm tracking the valuation changes of my personal home
> based on notices that I get every 2 years from the County Assessor.  When
> I was using Quicken, I did this in a single account
> (named MyHome).  The opening balance of MyHome was my original purchase
> price.  And then every 2 years as I got updated valuation notices, I'd
> record a transaction back into that same MyHome account (since Quicken
> would let me do that) to adjust the MyHome account balance to make it
> match the current value listed on the County Assessor's notice.
>
> Now that I'm using GnuCash and having to do things properly with double
> entry accounting, I was wondering how to go back and fix things.  I know I
> still want an Asset account for MyHome to track the valuation.  But for DE
> accounting, what should I be using for that corresponding second account
> to balance things out as the valuation changes?
>
> Tom
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