[Kmymoney] how to best update an asset's value to the current market value

[Thomas Baumgart]

Hi,

On Wednesday 03 October 2012 14:08:09 Michael Berger wrote:

> Hi Thomas,
> let us assume we bought a property some years ago.
> We paid 1000 for it, created an asset account NEWASSET in KMM and valued
> it 1000.
> 
> The market value today is estimated to be 1100 and accordingly we want
> to adjust the old value to 1100 in KMM.

In case you treat your asset this way, you will have to turn it into an 
investment account. You could easily do the following:

a) create a security (e.g. property/sqare-meter)
b) give it a symbol (e.g. PSM-House)
c) enter a price for the date you bought the property (e.g. 1000 @ 1/1/2001)
d) create an investment account (opening date 1/1/2001)
e) buy property (e.g. 1000 m²  on 1/1/2001)

now you can check the value of the investment account which should be 
1,000,000)

f) enter a price for today (e.g. 1100 @ 10/1/2012)

The value should change to 1,100,000 w/o any changes in income and expense.


They way you try to do that won't work :(


-- 

Regards

Thomas Baumgart

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