"Figuring out Money" <FiguringoutMoney[at]discussions.microsoft.com> wrote in
message news:84B390BB-11C6-4B5C-9AEE-18D18C6EA16D[at]microsoft.com...
- quote -

Every expense is a withdrawal from a deposit account like your checking
account. Then, classify every withdrawal. Create a category called
"House". Then create subcategories like "Mortgage", "Interest Payments",
"Property Taxes", etc. For asset accounts, set up a transfer instead of a
withdrawal.

Well, there are the category groups, but they aren't really reported
anywhere.

You can do reports limited to just the categories of interest. (Turn on
Advanced Reports and banish Essential Reports.)

One other way that works, especially if multiple properties are involved, is
to enable clasification1 as, say, "Class" and then to define a Class
Property and Subclasses like "123 Equity Drive, Unit #A". The you classify
every transaction associated with this property regardless of category. This
enables you to report all categories for just this classification.

Home improvements do no necessarily increase the value of the asset. I think
the general answer you are looking for is that when you, say, spend $10,000
on that hot tub, you can transfer this money to the Asset Account that
represents the property rather than just expense it. (Assuming you think
100% of it adds to the value.) Say you do a remodel, half of which you view
as maintenance. Split the cost into one half for Housing : Maintenance /
Class: Property:123 Equity Drive, Unit #A and the other half into a
Transfer:Our Condo on Equity Drive. (Assuming that's the Asset Account's
name.)

Are there ever any improvements to a car that increase its value??!? Since
cars decline to approximately $0 over time, many of us do not even track
them in asset accounts. Now, if I had a 1955 Mercedes 300SL Gullwing...

"Figuring out Money" <FiguringoutMoney[at]discussions.microsoft.com> wrote in
message news:84B390BB-11C6-4B5C-9AEE-18D18C6EA16D[at]microsoft.com...
- quote -

Hi,

I am looking for a way to see all of the costs with living in our house
including:
- Asset expenses: House, mortgage, interest payments, property taxes
- Expense like heat, lawn maintenance, snowplowing,

The end result would show the total monthly costs for living in the house.
How would you do this?

How does home improvements increase the value of the asset?

Does this differ for a car? If so how?