I have been trying to learn GnuCash for several months now, and I am apparently dumber than I thought. I am pretty good at keeping my checking account, but I find more complex actions more challenging.
For example, I bought a CD (cert. of deposit) last year, and it resides in my brokerage account. Each month it pays me a small amount of interest, which is automatically deposited in my checking account. When the CD matures I will get my original money back. As I learn GnuCash I am still using Quicken (Q 2000!) and in that program it is a simple matter there to record the interest+transfer event as an IntIncX (interest income transfer) transaction. But I am stymied in an effort to correctly record this kind of transaction in GnuCash. I have searched GnuCash resources extensively but I keep getting sent back to an unhelpful example in which the earnings accrue to the CD, to be paid out at the end of the term. (e.g. https://www.gnucash.org/docs/v3/C/gnucash-guide/invest_int1.html) Do I create a split transaction that shows the interest income increasing the value of the CD's asset account and simultaneously being transferred to the checking account? I tried this without success, but I am still pretty rocky with splits. I imagine the procedure is analogous to handling period bond interest payments, or mutual fund dividends, etc., but again I am apparently not smart enough to find resources that I can use. (It seems the documentation — like in Quicken — is not very robust for fixed-income investments. I really want to move away from Quicken, but right now I am maintaining parallel sets of books as I try to get comfortable with GnuCash. Thank you for any help you can provide. Art PS - I'm a noobie ... please be gentle! _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
