Perhaps you are over-thinking this. I would create an income account with a name such as "CD interest". Each month create a transaction
Credit CD interest $x Debit Checking $x where $x is the amount of interest paid for the month. Dale On Mon, Feb 18, 2019, 11:06 PM Art Chimes <arts.onl...@gmail.com wrote: > 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. > _______________________________________________ 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.
