FrontAccounting forum — Adding Interest to Bank Accounts

Re: Adding Interest to Bank Accounts

null@example.com (joe) — Sun, 22 Jul 2012 13:43:47 +0000

You can use the same account for bank interests, however you may also have an interest account for debits and one for credits.

Joe

Re: Adding Interest to Bank Accounts

null@example.com (David Keene) — Sun, 22 Jul 2012 10:49:12 +0000

Hi Joe

Thanks for a quick reply. I guess the question is when using bank deposit i also have to choose a GL. Would you then create a GL specifically to capture Interest per bank account.

Cheers

Dave

Re: Adding Interest to Bank Accounts

null@example.com (joe) — Sat, 21 Jul 2012 13:02:00 +0000

You simply enter them directly in bank deposit / bank payments.

Joe

Adding Interest to Bank Accounts

null@example.com (David Keene) — Sat, 21 Jul 2012 10:55:33 +0000

Hi All

Wonder if you can help me out. I have got FA working fine now but wonder the best way to add interest to my Bank Accounts.

Cheers

Dave