> On Apr 14, 2024, at 17:45, Oleander via gnucash-user
> <gnucash-user@gnucash.org> wrote:
>
> Hello,
> is "Housing" a proper account name if I want to include only my apartment
> expenses like Rent/Mortgage and Repairs&Maintenance? I'd like to record my
> Utilities expenses separately within another account so that my "Housing"
> account adds up only the expenses related to the building.
>
> If not, what would you use?
Rent is an expense but if you're renting then maintenance should generally be
the landlord's responsibility. A mortgage means you own the place and the
payment gets split up into one or more expenses (at least interest; maybe
insurance, fees, and others depending on the terms of the loan) and principal
payment that reduces the loan amount. Property owners also need to distinguish
between maintenance and improvements: The latter increase the value of the
property, the former are an expense.
Regards,
John Ralls
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