If another look doesn't help, come back with a more narrowly tailored
question.

It's not necessary to update the value. It's probably a good idea if you
value Money's net worth reporting. That's essentially all the Asset Accounts
are used for.

"OG-LA" <OGLA[at]discussions.microsoft.com> wrote in message
news:7218CA8A-A5B2-494F-88B0-9A5A11BF1982[at]microsoft.com...
- quote -

Thanks!

I've seen the FAQ you mentioned...can't really figure out what it's telling
me to do ...but I'll take another look.

Since my home was just re-appraised...is it necessary to update the value
(from when I purchased my home)? Or just leave it alone?

Thanks again.

"Dick Watson" wrote:

- quote -

Re. q #1, see http://umpmfaq.info/faqdb.php?q=86.

Re. q #2, I'd use something like Investment Income or just leave the
transaction that adds to its value as unassigned.

"OG-LA" <OG-LA[at]discussions.microsoft.com> wrote in message
news:B98BDFF6-F034-470F-AB41-FAABCA35A527[at]microsoft.com...
- quote -

Help!! Anyone have any idea how to enter a cash out mortgage refinance? If
so...I'd really appreciate your help and perhaps easy to understand step by
step procedures. I thought about just "closing" my old mortgage and starting
a new one, but then I don't know how to account for settlement costs
associated with the refinance and the cash out.

Also ....how do you update the value of an asset (home)? And which category
do you select?

Thanks...I really appreciate any help you can give!