That's what I did. I made an assett account for each of my loan payments (1 mortgage, 2 car payments.) Would be nice if GnuCash was able to handle this internally somehow. I'm trying to do a "budget to zero" approach and the loan payments were my last holdup.
Andy On Sun, Apr 8, 2018 at 12:19 AM, Dale Alspach <alspac...@gmail.com> wrote: > I think something like the following will work. > > You need to create two off-setting accounts: Mortgage Payable > (liability) and a sub-account Mortgage Payment (asset). > You would not budget Mortgage Payable, Mortgage Interest (expense) or > Mortgage (liability). > A typical payment transaction where the payment is $1000 = $200 > principal plus $800 interest would be > Credit Checking $1000 > Debit Mortgage $200 > Debit Mortgage Interest $800 > Debit Mortgage Payable $1000 > Credit Mortgage Payment $1000. > > If your lender has given you a schedule with breakdown of each payment > or you use schedule transactions then you may want to enter this as two > transactions. > Debit Mortgage $200 > Debit Mortgage Interest $800 > Credit Mortgage Payment $1000 > > Credit Checking $1000 > Debit Mortgage Payable $1000 > > Dale > > On 04/06/2018 10:12 PM, Andy Pastuszak wrote: > > Budget it to what account? > > > > Andy > > > > On Fri, Apr 6, 2018 at 11:09 PM, Dale Alspach <alspac...@gmail.com > > <mailto:alspac...@gmail.com>> wrote: > > > > I suggest just budgeting the total payment. Most budgeting issues are > > actually cash flow so the total payment is the important number. > > > > Dale > > > > On 04/06/2018 09:07 PM, Andy Pastuszak wrote: > > > I came up with an idea. I created and asset account called > Mortgage > > > Payment, and do a transfer of my monthly mortgage payment to that > > account. > > > In that account register, I do 2 transactions, one that pays the > > mortgage > > > and one that pays the principal. Need to tinker and see how this > > works for > > > budgeting. > > > > > > On Fri, Apr 6, 2018 at 9:22 PM, Andy Pastuszak > > <apastus...@gmail.com <mailto:apastus...@gmail.com>> wrote: > > > > > >> I'm trying to find the best way to budget a loan. The principal > and > > >> interest of the loan changes every month as you make payments, so > > it's kind > > >> of tough to budget them without being forced to adjust the budget > > amount > > >> every single month. Is there some kind of "best practice" for > > budgeting > > >> loans? > > >> > > >> Andy Pastuszak > > >> > > > _______________________________________________ > > > gnucash-user mailing list > > > gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> > > > To update your subscription preferences or to unsubscribe: > > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists > > <https://wiki.gnucash.org/wiki/Mailing_Lists> for more information. > > > ----- > > > Please remember to CC this list on all your replies. > > > You can do this by using Reply-To-List or Reply-All. > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists > > <https://wiki.gnucash.org/wiki/Mailing_Lists> for more information. > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
