There is no one right answer and there is surely no one-size-fits-all answer.

See http://umpmfaq.info/faqdb.php?cat=23 for some relevant Q&A. The "re-fi"
question may be a good place to start. The Split is your friend. Follow the
money. The settlement sheet should tell you all you might want to capture.

"Mike Hansen" wrote:

- quote -

We have recently sold our house. How should we record this is Money (Money
Plus)? I had an escrow account along with the home loan account. I think I
can close out escrow. But how do I record the settlement money from closing?
Do I categorize the tax paid from closing? real estate agent fees?

Or can I be lazy and just write-in the sale price as (mortgage principle +
cash received after all closing costs have been paid)? Then should I close
the asset account that was our home residence? Or can I change this asset
account to the estimated value of our new home?

thanks in advance,
Mike