Hi!
I'd like a suggestion on how to best record accrued interest from my
checking accounts.
(please consider I'm in Europe, so interest is *low* heh).
Banks here calculate interest in various periods of competence (that I'd
like to record in gnucash), but it normally becomes eligible once a year
(at least for people, positive interest is normally credited onto the
account with a value date of 1st of January, negative interest is
charged on the 31st of March).
So, here is an example of "positive interest" that a bank owes to me.
Here is what I did:
Dr. Cr.
2021-06-30 Expenses:Taxes:CapitalGain:Bank1 0.01
Assets:AccountsReceivable:EUR 0.02
Income:InterestIncome:Checking 0.03
2021-09-30 Expenses:Taxes:CapitalGain:Bank1 0.02
Assets:AccountsReceivable:EUR 0.06
Income:InterestIncome:Checking 0.08
My plan is to credit AR and debit the actual Assets:Banks:Bank1 account
of whatever it's going to come to by the end of the year.
Is this the proper way to do it?
Now, the documentation says that I should avoid directly using the AR
account by myself, bypassing the business' customer features, otoh it
feels silly to record my bank as a "customer" and issue an invoice for
interest I'm owed :3
Should I just create a random "asset" account for all of the ARs that
I'm going to manually track? Would it be fine to create it as a
subaccount of the main Assets:AccountsReceivable hierarchy, perhaps
still of type "A/R"?
Likewise, I actually have the same situation with negative interest that
I owe to another bank where I operate with a negative balance: I have a
monthly report of how much interest I accrued, which I'll have to pay
next year, so I'd like to set this up under Liabilities:A/P (even more
important because clearly the numbers are a tad higher than the example
above u.U), but I guess it's the same thing as above, so just referring
to that ought to be fine.
Thank you for your guidance! :)
--
regards,
Mattia Rizzolo
GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`.
More about me: https://mapreri.org : :' :
Launchpad user: https://launchpad.net/~mapreri `. `'`
Debian QA page: https://qa.debian.org/developer.php?login=mattia `-
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