On 10/4/19 8:40 AM, KenWA wrote: > How does one enter interest on a savings account which has been automatically > paid in to that account. Just entering the amount as an increase results in > an Imbalance? sinc
Remember that GnC is based on a double entry bookkeeping system. So you need to have two sides to every transaction. Where I live, interest income is considered earned income. In my case, I have three interest income accounts (checking, savings, money market) all at the same bank and the interest income is posted on the same day for all three accounts. Asset: Bank: Checking Money Market Savings Income: Interest: Say I earned $0.54 on checking, $1.46 on savings and $15.99 on money market. My transaction (single transaction with 4 rows/splits): Income:Interest: $17.99 credit Asset:Bank:Checking: $0.54 debit Asset:Bank:Money Market: $15.99 debit Asset:Bank:Savings: $1.46 debit If you have only Asset:Bank:Savings, then only two lines: Income:Interest: $1.46 credit Asset:Bank:Savings $1.46 debit --Steve -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ 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.
