• From: Australia, Adelaide
  • Registered: 05/11/2012
  • Posts: 23

Topic: Adding Interest to Bank Accounts

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

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Adding Interest to Bank Accounts

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

Joe

  • From: Australia, Adelaide
  • Registered: 05/11/2012
  • Posts: 23

Re: Adding Interest to Bank Accounts

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

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Adding Interest to Bank Accounts

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

Joe