As Red says there are many ways to peel this orange. However if the excess
credit applies to your principal as you mentioned, then I think you'd want
to modify Red's last transaction to instead credit Liabilities:Mortgage
instead of Assets:House since the credit doesn't affect the value of your
Many ways to peel this orange. I’d suggest:
2024-01-01 * "House Purchase" Assets:Bank:Checking -200,000 USD
Assets:Bank:Checking -10,000 USD Liability:Mortgage -800,000 USD
Assets:House 1,000,000 USD ; The purchase price Expenses:House:ClosingFee
10,000 USD 2024-01-01 * "Seller credit"
The seller credits are some kind of discount offered by the seller. but as
far as I know, these credits can only be used to cover your mortgage
expenses. In the closing statement, the selling price is still 1000k. If
the credits are more than the expenses, the extra money will be used to
reduce
I'm not sure what "50K credits" is, but I guess the seller gave you a
discount?
If the house price was discounted by 50k, arguably the house price
wasn't worth 1000k but 950k.
Alternatively, if you think the house price is really 1000k, you can
use an Income: account. Some people say using an
Hi,
I have been using beancount to track my family finances for more than 1
year.
I just purchased a new house recently. I got 50K credits from my seller.
I wonder how can I book a transaction that can reflect the these
credits?
Without credits, the
