I am new to Manager and trying it out.
So, I want to create a basic system for buying a house.
I have guessed that I create a new fixed asset, which I’ve done with a purchase price of £150,000.
Assuming that £100,000 is mortaged and £50,000 is a deposit, how would/should I display this?
Should I create a Liability account as ‘Investment’ account and a Long Term liability account? If I do this, how so I explain to Manager the period of the Mortgage and the interest rate etc - so the liability increases week after week, etc?