purchase of new house

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shamsu

29 Jun, 2022 01:56 AM

Hi
I am purchasing a new house for my personal use . how do i account for it so that it market value can be updated.
Tks
Shamsu

This discussion was closed! See this FAQ for more information:

  1. Represent Property as Investment

    You can record the value of a property or your home, and update its value as the market changes.

    To do this, you will treat the property as a security within an investment account.

    • Create a new Investment account by selecting Account --> New Account.

    • Set the 'Initial balance' as the purchase price of the house.

    This will create an investment account, with enough cash in it to buy the propert...

    See more..

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