3 posts tagged with "Fava"

We upgraded the MIT-licensed open-source software Fava to version 1.19. Here are the changes since our last update:

• v1.19 (2021-05-18)
  • migrate from conversion and interval options to default-page option
  • add option invert-income-liabilities-equity
  • upgrade to CodeMirror 6
  • adds a Bulgarian translation
  • other small improvements and bug fixes
• v1.18 (2021-01-16)
  • couple of small improvements and various bug fixes.

Feeling excited? Try it now at https://beancount.io/ledger/

Having questions? We will be there for you at https://t.me/beancount :)

Amortization spreads out payments to many installments over time. In beancount.io, you can use the plugin fava.plugins.amortize_over to achieve so.

Without amortization, if you want to insure your car for 6 months with costs of $600. You have to record this as a one-time expense for a particular date.

2017-06-01 open Assets:Bank:Checking
2017-06-01 open Assets:Prepaid-Expenses
2017-06-01 open Expenses:Insurance:Auto

![2021-01-09-amortize](https://opengraph-image.blockeden.xyz/api/og-beancount-io?title=Understanding%20Amortization%20in%20Beancount)

2017-06-01 * "Pay car insurance"
    Assets:Bank:Checking       -600.00 USD
    Assets:Prepaid-Expenses

However, with amortization, you could allocate the expense over six months by putting plugin "fava.plugins.amortize_over" to the top of the file and using amortize_months: 6 for the transaction

plugin "fava.plugins.amortize_over"

2020-06-01 open Assets:Bank:Checking
2020-06-01 open Assets:Prepaid-Expenses
2020-06-01 open Expenses:Insurance:Auto

2020-06-01 * "Amortize car insurance over six months"
    amortize_months: 6
    Assets:Prepaid-Expenses       -600.00 USD
    Expenses:Insurance:Auto

And then in Journal, you will see the transaction is split into 6 postings.

2020-11-01 * Amortize car insurance over six months (6/6) am
2020-10-01 * Amortize car insurance over six months (5/6) am
2020-09-01 * Amortize car insurance over six months (4/6) am
2020-08-01 * Amortize car insurance over six months (3/6) am
2020-07-01 * Amortize car insurance over six months (2/6) am
2020-06-01 * Amortize car insurance over six months (1/6) am

Maintaining a secured and performant online service is never a one-time thing. It takes effort not only to develop new features but also to renew existing functionalities.

Stale software puts our customers at risk of security vulnerabilities. How do we reduce this risk? On the one hand, we proactively work with security researchers to find and resolve unexpected issues. On the other hand, we merge the latest version of the upstream software periodically.

Today we are glad to share some improvements we have made to improve Beancount.io.

1. We upgraded the server and sped up the service up to 30%. Service availability was also greatly improved.
2. We upgraded the MIT-licensed open-source software Fava to version 1.17. It fixed various bugs and added many new features.

Feeling excited? Try it now at https://beancount.io/ledger/

Having questions? We will be there for you at https://t.me/beancount :)