How do I track the value of my belongings
You can use an property account in conjunction with a debt account to track your net worth more accurately. For example, if you've taken out a loan to buy a home or car, be sure to add both a loan to track what you owe and a property account to track your equity in the home or vehicle.
A property account may be suitable for the following types of investments:
- Treasury bills
- Fixed annuities
- Precious metals
Use a property account if you just want to track the value of your investments; use an investment account to track value as well as performance.