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


R

RichT

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...
 
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T

teabag

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
 

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