tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/2473-preventing-large-non-recurring-expenses-from-breaking-reportsInfinite Kind: Discussion 2016-10-09T16:40:20Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/402914162016-07-09T21:38:43Z2016-07-09T21:38:44ZPreventing large non-recurring expenses from breaking reports<div><p>After many years of saving money, I recently bought a new car
cash (not from a loan). This expense now bloats all related graphs
and reports and make it hard to track income VS expense. What's the
best way to handle such expenses? One solution I could think of but
didn't find in Moneydance would be able to do an amortization of
that purchase over many years.</p>
<p>Any thoughts?</p></div>danjtag:infinitekind.tenderapp.com,2009-01-14:Comment/402914162016-07-10T16:31:44Z2016-07-10T16:31:44ZPreventing large non-recurring expenses from breaking reports<div><p>You certainly could amortize the purchase cost of the car over
many years. This would be done by creating an asset account for the
car and entering the purchase of the car as a transfer from the
bank account to the asset account. Then enter a transaction in the
asset account once a year selecting an expense category. One
pleasing aspect of this is that you can look up the current value
of your car every year and expense the difference as the car looses
value. This way the resale value of your car still contributes to
your net worth.</p>
<p>Ben Spencer<br>
Infinite Kind Support</p></div>Ben Spencer