tag:infinitekind.tenderapp.com,2009-01-14:/discussions/suggestions-for-our-knowledge-base/498-adjusting-or-entering-asset-balancesInfinite Kind: Discussion 2022-04-19T18:30:20Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/496187822022-01-17T23:28:07Z2022-01-17T23:28:07ZAdjusting or entering asset balances<div><p>just a user</p>
<p>Nicely written. About what I do as well, with some differences that work for me.<br>
A good suggestion for a knowledge base article!</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/496187822022-01-18T01:39:44Z2022-01-18T01:39:44ZAdjusting or entering asset balances<div><p>Another way is if you want to track a property as say an investment.</p>
<p>Say the initial value is your 300,000 enter 300000 as the number of shares at a price of 1.00.</p>
<p>If your value in 12 months is 350,000, you entered a date price of 1.1699 and each time you revalue you enter a new price.</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/496187822022-01-18T18:25:46Z2022-01-18T18:25:48ZAdjusting or entering asset balances<div><p>Hi DTD and DWG,</p>
<p>Thank you for your replies. My goal was to put up a simple solution so someone new to MD or double entry accounting could see how easy it is to track a change to their home price or the current value of their Vanguard IRA, keeping their Net Worth report accurate without messing up their Income reports. It sounds like you think I accomplished this and I hope the Powers That Be are able to make this accessible to their user base, however that process works.</p>
<p>DTD: Using MD in real life, I actually have 3 Gains subcategories: Unrealized, Realized ST, and Realized LT to distinguish Long Term and Short Term since they have different tax consequences. Perhaps you do something similar. There is a lot of flexibility in MD to set up things just the way you want.</p>
<p>DWG: This is a really clever workaround you developed. A real world example and some additional detail about how to input this to MD might make another useful post for the KB to benefit the more experienced MD users out there. There may be some truly complex situations that could be solved with your ideas.</p>
<p>John</p></div>John