What is the best way to track the value of an asset?

Discussion in 'Microsoft Money UK' started by RichT, Apr 13, 2010.

  1. RichT

    RichT Guest

    Money 2005 has a built in account for an asset value (eg car or house). When
    you set it up, it offers the choice of whether you wish to enter cash
    transactions, or not enter cash transactions and "just track the value".

    The latter option at first seemed just what I wanted to do, but on
    exploration it does not do what it says on the tin - to track the value you
    have to add transactions to "increase" or "decrease" the asset value - which
    obliges you to select a category for the increase or decrease. I have tried
    using categories such as "appreciaiton" or "depreciation" to manage this,
    but this solution is unsatisfactory as it means that in most of my reports I
    have to unselect the appreciaiton/depreciation categories to get meaningful
    income/expenditure reports.

    What do others do? It would simplify things greatly if there was a means to
    track the value of an asset without having to add in appreciaiton and
    depreciation...
     
    RichT, Apr 13, 2010
    #1
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  2. RichT

    teabag Guest

    Why not unselect the (car or house) account in the reports that interest
    you?

    I don't have Money 2005 but, in Money 2000, I simply put in a monthly
    transaction that reduces the value of my car by 2% of the previous month's
    value and another which increases the value of my house by (currently) 0.5%
    of the previous month's value.

    teabag
     
    teabag, Apr 14, 2010
    #2
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