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

[Michael Berger]

Hi Thomas,
thanks for your prompt reply.

Hmmm? But I am going to try that.

Michael Berger


On 10/03/2012 03:05 PM, Thomas Baumgart wrote:
> 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 :(
>
>