|
#6
| |||
| |||
| Based on how often this hasn't come up, I think you overestimate how common it is for Money users to mess with this. But I certainly agree there are many things that could be added to Money that haven't been. "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message news:jD2Dc.191$Fy.60[at]twister.socal.rr.com... - quote - > I know how to deal with it. The limitations can be worked around. It is > just odd that Microsoft has been investing all sorts of effort in upgrading > Money every year, but does not have a built in way to deal with a very > common situation. It would be easy for them to build in some very nice > functionality around this. |
|
#5
| |||
| |||
| I know how to deal with it. The limitations can be worked around. It is just odd that Microsoft has been investing all sorts of effort in upgrading Money every year, but does not have a built in way to deal with a very common situation. It would be easy for them to build in some very nice functionality around this. Tod "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:%23JumS%23qWEHA.3596[at]tk2msftngp13.phx.gbl... - quote - > Where are you worried about it showing up as realized income and what makes > it appear as "realized" to you? In some report somewhere? In tax data? The > answer as to it showing up in a report is so what? You KNOW it isn't > realized and where does Money make any distinction between realized and > unrealized income? The answer as to the latter is to create a category that > you set to NOT show up on tax reports. > I don't think that many users actually try to use Money to account for the > tax basis of assets via asset accounts--or if they do, they don't go to > great lengths to track the current asset value for accurate net worth > calculations along the way. Many things like this are just easier in Excel > anyway. > BTW, there's NOTHING preventing you from putting just ONE transaction in the > asset accounts to adjust each one for current value and then deleting that > at some point in the future to get back to basis. Then the transfer of the > asset account value, say into a real estate sale transaction, would just be > basis and you could enter another element into that split to realize the > income of the gain in value. You could change the one "value adjustment" > transaction over time to get accurate net worth accounting and still get > back to basis at the end game just by deleting or voiding the "value > adjustment" transaction. > "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message > news:f4OCc.3635$SO5.784[at]twister.socal.rr.com... > > The problem is that it is unrealized income, but it will be shown as > > realized income (which may go away at a future date, which will then be > > shown as a loss). The problem will reappear if I actually realize the > > income at some future date, because I will then be realizing the income, > but > > money will only show it as a transfer. This seems like a poor solution > for > > what must be a very common use case. |
|
#4
| |||
| |||
| Where are you worried about it showing up as realized income and what makes it appear as "realized" to you? In some report somewhere? In tax data? The answer as to it showing up in a report is so what? You KNOW it isn't realized and where does Money make any distinction between realized and unrealized income? The answer as to the latter is to create a category that you set to NOT show up on tax reports. I don't think that many users actually try to use Money to account for the tax basis of assets via asset accounts--or if they do, they don't go to great lengths to track the current asset value for accurate net worth calculations along the way. Many things like this are just easier in Excel anyway. BTW, there's NOTHING preventing you from putting just ONE transaction in the asset accounts to adjust each one for current value and then deleting that at some point in the future to get back to basis. Then the transfer of the asset account value, say into a real estate sale transaction, would just be basis and you could enter another element into that split to realize the income of the gain in value. You could change the one "value adjustment" transaction over time to get accurate net worth accounting and still get back to basis at the end game just by deleting or voiding the "value adjustment" transaction. "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message news:f4OCc.3635$SO5.784[at]twister.socal.rr.com... - quote - > The problem is that it is unrealized income, but it will be shown as > realized income (which may go away at a future date, which will then be > shown as a loss). The problem will reappear if I actually realize the > income at some future date, because I will then be realizing the income, but > money will only show it as a transfer. This seems like a poor solution for > what must be a very common use case. |
|
#3
| |||
| |||
| The problem is that it is unrealized income, but it will be shown as realized income (which may go away at a future date, which will then be shown as a loss). The problem will reappear if I actually realize the income at some future date, because I will then be realizing the income, but money will only show it as a transfer. This seems like a poor solution for what must be a very common use case. Tod "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:OAvAAxRWEHA.212[at]TK2MSFTNGP11.phx.gbl... - quote - > In the sense that it makes you richer, it certainly is income. It may be > unearned income or unrealized income. You can create your own income > category, if you like. You can also leave the category blank, if it makes > you feel better about it. > "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message > news e7Cc.60947$wO4.8922[at]twister.socal.rr.com...> > The problem is that, unless I am missing something, I need to place this > in > > an income category, but it is not income. It will show up as income, but > it > > is merely an asset increasing in value. It seems like there should be a > way > > to increase the value of an asset without having to show it as income (yes > I > > know I can just exclude the category from the reports, but that seems like > a > > bit of a hack job to me). |
|
#2
| |||
| |||
| In the sense that it makes you richer, it certainly is income. It may be unearned income or unrealized income. You can create your own income category, if you like. You can also leave the category blank, if it makes you feel better about it. "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message news e7Cc.60947$wO4.8922[at]twister.socal.rr.com...- quote - > The problem is that, unless I am missing something, I need to place this in > an income category, but it is not income. It will show up as income, but it > is merely an asset increasing in value. It seems like there should be a way > to increase the value of an asset without having to show it as income (yes I > know I can just exclude the category from the reports, but that seems like a > bit of a hack job to me). |
|
#1
| |||
| |||
| The problem is that, unless I am missing something, I need to place this in an income category, but it is not income. It will show up as income, but it is merely an asset increasing in value. It seems like there should be a way to increase the value of an asset without having to show it as income (yes I know I can just exclude the category from the reports, but that seems like a bit of a hack job to me). Tod "Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message news:uDns7N2VEHA.1128[at]TK2MSFTNGP10.phx.gbl... - quote - > Anything you like (create something new). > -- > Glyn Simpson, Microsoft MVP - Money > Check http://support.microsoft.com/default...d=fh;EN-GB;mny > for UK tips and fixes for MS Money. To send Microsoft your wishes or > suggestions, use http://register.microsoft.com/mswish/suggestion.asp > or email mnyukwsh[at]microsoft.com especially if it's a UK specific wish. > I do not respond to any unsolicited email regarding Money > "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message > news:RyrBc.51378$wO4.25638[at]twister.socal.rr.com... > > My home has recently increased in value. When entering the increased > value > > into the asset account, what is the most appropriate "From" and "Category" > > for this value increase? > > > Tod > |
| | |||
| |||
| Anything you like (create something new). -- Glyn Simpson, Microsoft MVP - Money Check http://support.microsoft.com/default...d=fh;EN-GB;mny for UK tips and fixes for MS Money. To send Microsoft your wishes or suggestions, use http://register.microsoft.com/mswish/suggestion.asp or email mnyukwsh[at]microsoft.com especially if it's a UK specific wish. I do not respond to any unsolicited email regarding Money "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message news:RyrBc.51378$wO4.25638[at]twister.socal.rr.com... - quote - > My home has recently increased in value. When entering the increased value > into the asset account, what is the most appropriate "From" and "Category" > for this value increase? > Tod |
|
#-1
| |||
| |||
| My home has recently increased in value. When entering the increased value into the asset account, what is the most appropriate "From" and "Category" for this value increase? Tod |
| Tags |
| asset, increasing, tracking |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Associate Loan to Asset Scott Loga: I have a loan from a bank which shows up as a line of credit when I download information from this bank. This loan is for my house. I created an... | Microsoft Money | 3 | 12-26-2003 10:17 PM | |
| Adjusting the Value of an asset acount Chris: When I try to adjust the value of an asset I am finding that the increase or decreased value is applied to either my income or expenses. Example:... | Microsoft Money | 1 | 09-04-2003 12:50 AM | |
| Problem with Asset Accounts Dale Holden: Hi I have created several asset accounts for different properties I own.I have also assigned which ever mortgage applies to each one. My question... | Microsoft Money | 6 | 09-01-2003 02:19 AM | |
| Thread Tools | |
| Display Modes | |
| |