unofficial microsoft.public.money FAQ and A
[ Home ]
Q) We just sold our house--how do we account for this in Money?
A) See the answer to "I just refinanced my mortgage; how do I enter all of this into Money?" for the basic technique. In the case of a sale, just add into the transaction a transfer in of the balance of your asset account, if any, and a split element to account for the "gain" income, if any, required to get to the right payout value.
Please see this disclaimer if you are using Money 2005 or this comment if you are using Money 2006.
| ← Previous | Next → |
| How to do things in Money: Mortgages and stuff Q) I just took out an interest only mortgage; how do I setup such a loan in Money? |
How to do things in Money: Mortgages and stuff Q) We just wrote an earnest money check to buy a house. How do we deal with all of this in Money? |
|
Last update: 10 December 2006 |
If this kind of stuff is important to you:
