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

[Michael or Penny Novack]

On 9/16/2025 12:09 PM, gnucash at kcburns.com wrote:
> I have been following this discussion with interest, and now have a 
> question:
>
> My Balance Sheet (report) shows an Unrealized Gains line near the 
> bottom, which is presumably my unrealized investment gains?  But, I do 
> not find that I have an account named named Unrealized Gains... So, I 
> wonder how this Unrealized Gains line works, and if I should tap into 
> that process when recording the Unrealized Gains on my home?
> I would prefer to keep these Unrealized Gains lines (investments vs 
> home) separated, but have them appear one-after-the-other in the 
> Balance Sheet (report).
>
> Thanks,
> Ken

It's a matter of NAMING your account (for unrealized gains)

But first an explanation of the "unrealized gains" (or losses) in the 
Ba;lance Sheet. With gnucash, we do not usually perform a "close the 
books" operation prior to running the Balance Sheet. So there is a net 
outstanding sum of all the accounts of types income and expense. These 
account types are actually of fundamental type Equity, so that net 
belongs under Equity on the Balance sheet. The name being used is 
Unrealized Gains (if credit) or Unrealized Losses (if debit)

So ---- If you want explicit "Unrealized Gains" accounts you will have 
to create them with some different name <*> but note that you will want 
them under assets (or liabilities or equity) and NOT under types income 
or expense.

Michael D Novack

* They will be shoeing up where you put them.