2 posts tagged with "Plugins"

Forecasting Future Transactions in Beancount

May 30, 2022 · One min read

Mike Thrift

Marketing Manager

There is a plugin for beancount to forecast future recurring transactions. How to apply it in beancount.io? Put the following content into your ledger file.

; import the plugin
plugin "fava.plugins.forecast"

; add a monthly HOA fee
2022-05-30 # "HOA fee [MONTHLY]"
  Expenses:Hoa                                      1024.00 USD
  Assets:Checking                                  -1024.00 USD

Forecast plugin screenshot

2022-05-30-forecast-plugin

And then, you will see the forecast in Net Profit chart.

Forecast Plugin

The tag [MONTHLY] above means it will recur forever. If you have more conditions to apply, try [MONTHLY UNTIL 2022-06-01], [MONTHLY REPEAT 5 TIMES], [YEARLY REPEAT 5 TIMES], or [WEEKLY SKIP 1 TIME REPEAT 5 TIMES].

Understanding Amortization in Beancount

January 9, 2021 · 2 min read

Mike Thrift

Marketing Manager

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

2021-01-09-amortize

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


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

Amortization transaction screenshot

2 posts tagged with "Plugins"

Forecasting Future Transactions in Beancount

Understanding Amortization in Beancount

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