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Old 09-27-2006, 01:34 AM
Dick Watson
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Default Re: House Selling Transaction?

It depends on how crazed you want to get. I'd account for the asset account
reduction to $0 with a transfer of the total value (assuming you got that
much or more) into a transaction representing the settlement. That
transaction would also account for other income/expenses that come off the
settlement sheet. See http://umpmfaq.info/faqdb?cat=23 for more q/a in this
area if this is something you want to pursue.

"Refresher" <Refresher[at]discussions.microsoft.com> wrote in message
news:6EAFBC67-5F95-4883-8122-9634B9F15B69[at]microsoft.com...
- quote -

> I have a house as an asset account in Microsoft Money. How do I create a
> *sell* transaction for the house? I sold my house and want to show that
> somehow.



 
Old 09-26-2006, 09:21 PM
Michael Gordon, MVP
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Posts: n/a
Default Re: House Selling Transaction?

Well, you could "decrease" the asset to zero but my preference would be to
"transfer" the money you received to whatever bank account is appropriate.

--
Michael Gordon
MVP


"Refresher" <Refresher[at]discussions.microsoft.com> wrote in message
news:6EAFBC67-5F95-4883-8122-9634B9F15B69[at]microsoft.com...
- quote -

> Hi,
> I have a house as an asset account in Microsoft Money. How do I create a
> *sell* transaction for the house? I sold my house and want to show that
> somehow.
> Thanks.,
> - Joel



  #-1  
Old 09-26-2006, 09:08 PM
Refresher
Guest
 
Posts: n/a
Default House Selling Transaction?

Hi,
I have a house as an asset account in Microsoft Money. How do I create a
*sell* transaction for the house? I sold my house and want to show that
somehow.
Thanks.,
- Joel
 

Tags
house, selling, transaction
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