[GNC] How to do property asset and loan when acquired in the past

[D.]

I'll just note that I have *never* in 15 years had a gnucash-generated loan transaction that matched the actual bank transaction. I have *always* had to adjust the amounts manually after the fact, because the bank will calculate interest and principle amounts based on the exact day (and probably the hour, minute, and second) they receive my payment, which I cannot know in advance. David T. 


-------- Original Message --------
From: David Carlson <david.carlson.417 at gmail.com>
Sent: Tue Jun 08 08:34:33 EDT 2021
To: flywire <flywire0 at gmail.com>
Cc: Gnucash Users <gnucash-user at gnucash.org>
Subject: Re: [GNC] How to do property asset and loan when acquired in the past

The part about tracking loan payments when trying to create a partially
paid down loan in GnuCash is tricky.  GnuCash only does simple interest
calculations, so many times the best you can do is get an estimated
periodic payment transaction which you will have to correct manually each
month after you know the actual values .

On Tue, Jun 8, 2021 at 6:51 AM flywire <flywire0 at gmail.com> wrote:

> Work through https://gnucash.org/viewdoc.phtml?rev=4&lang=C&doc=guide
>
> It would have been simpler as a tutorial if it was only two accounts deep.
>
>
>
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-- 
David Carlson
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