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[SOVLED] link loan to asset & calc correct net worth

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bodhis_wife
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As a newbie I found it incredibly difficult to link a house to a mortgage and obtain the correct net worth.

When creating an asset like "house" or "car" be sure to input the opening balance as the EQUITY in that asset - not the value of the asset. (house is 200K but I only have 15K in equity.) The value/worth is obtained by the combination of the equity and loan balance.

Perhaps this could be mentioned in the handbook/users guide within the below section.

Asset
An account to manage an asset that does not fit in one of the above types

Thanks.


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