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Subject:  How to account for home purchase Date:  5/12/2013  3:24 PM
Author:  wrjohnston91283 Number:  307022 of 312203


I use Moneydance to track my finances (its like Quicken or Microsoft Money). I'm wondering how to account for the deposit check for a home I am purchasing. I could create an asset account and simply have the deposit check be a transfer from my checking to that asset, but I'd rather not include the home in my list of assets, since its not liquid and the value would get stale after a while. What do other people do? Right now I'm putting into my 'major home improvements' expense account, which was used for things like a bathroom remodel, or new washer/dryer.

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