I have Money 2004
--
Chanikya


"Curtis Glenn" wrote:

- quote -

you did not indicate which version of money you have.

for version ms06, go to planner, then click life planner on the left pane.
then look for home and assets on the left pane in the next window and follow
the instructions.

if you do not want to associate the liability account with the home (ie you
just want to enter the asset into money), give the asset a different name
from the liability account.

you could then handle your transactions in two ways. first would be a
redundency method where you would write your check to pay for the expense,
then record the expense again as an increase to the asset. the second way
would be to wite the check, but transfer the payment to the asset. this
would not really be preferred because the transfer would not keep track of
whether the payment was for taxes, home improvement, etc. becasue the
category would be a transfer. I prefer the first method. its a little
redundent, but you get to track all your expense (increases) in the house as
well as the decreases.

otherwise, you might consider buying the small business version.
"cndesu" wrote:

- quote -

Hi,
I had bought a house recently. I donot know how to setup asset account for
this house. Already I had set up loan account as liability account. But this
asset account i.e. Home will not have any transactions but just the purchase
price or market value. Can I add expenses and improvements to this asset
account. And By the way who to set up a balance sheet for this two so that I
can not my equity in the house or for taxation purposes my net expenditures
which I can show as Business Expenses?
--
Chanikya