Sale of Property wi...
 
Notifications
Clear all

Sale of Property with Proceeds to Cash Account

2 Posts
2 Users
0 Likes
550 Views
(@ruff172)
New Member Customer
Joined: 3 years ago
Posts: 1
Topic starter  

How do I model the sale of the primary home / property in the future and have the proceeds flow into the cash account? I believe it shows the proceeds as a positive Windfall and then negative Net Expense as it assumes that it will be directed to another home purchase.


   
ReplyQuote
(@smatthews51)
Member Admin
Joined: 4 years ago
Posts: 709
 

Adam,

If the sale of a home results in a negative net expense (which is equivalent to income), that will likely contribute to an overall positive cash flow in that year. If so, that will result in a deposit to the cash account and it will remain there as long as it doesn't drive the balance above the cash account ceiling (defined on the Financial Assets > Management page).


   
ReplyQuote
Share: