I'm trying to answer a few questions about my assets and how profitable they are. Among others, I have:

- Property, which I am renting, and has associated costs, income, and taxes.
- Investments (stock and shares), which give dividends, have maintenance costs, pay commissions, fees and taxes, etc.
- Bank interest and CDs.
- Salary

I'm trying to answer the questions 1) How profitable is a particular asset, and 2) how much of my expenses are covered by my passive income.

However, I am currently confused about how to track all of this information with KMyMoney, and how to create a report that answers those two questions, if such a thing is possible.

What kind of account should I create for a property? When I get rent, the rent will be paid in my normal bank account. How can I establish or associate it to a property, and indicate that it is passive income so that I can later get the report I want?

For investments there should be predefined reports (which I am not really familiar with - maybe some other users can chime in).

Regarding the property, you keep an asset account for each property. For income and expenses related to the property you create income (rent, utilities, ...) and expense (utilities, administration, taxes, ...) categories. Then you create reports containing the income and expense categories. An income/expense report shows you profitability. A networth report shows you the development of your assets over time. This requires a bit of thinking as you may have to apply depreciation and gains manually). I am doing this myself.

Depending on your details, using tags maybe a solution to differentiate between different properties. But I am not sure if that works.

Hope that helps.

So if I understand what you propose, I think you mean that every charge I get or income I receive from rent passes "through" the intermediate account that represents that asset.

So if I get a water bill charged on my account, I have a transfer from my Checking account to my "Flat" account, and another from my "Flat" account to the actual service provider. Is that what you mean?

What I propose is probably best explained by a few examples. Lets take the following definitions:

• A - Asset account for your property
• C - Checkings account
• CC - Credit card account
• I1..I3 - Income categories (I1 may be rent, I2 utilities)
• E1..E3 - Expense categories (E1 maybe tax, E2 utilities, E3 repair

So you receive a monthly payment in your checkings account which includes rent and utilities. Here's the transaction you enter

Code: Select all

C - +1000
I1 - -800
I2 - -200

Then you pay for a repair via your credit-card. It does not affect your asset but is an expense.

Code: Select all

CC - -500
E3 - 500

Now you improve your facilities by adding a garage. You pay material by credit card and labor via checkings account. This would result in two transactions

Code: Select all

CC - -4000
A - +4000

and

Code: Select all

C - -10000
A - +10000

These 'expenses' are treated as increase of the value of your property so they don't show as expenses.

I hope this makes sense.

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