Yes, you would use an interest earned account. You may have a general interest income account for all your interest or if you want to verify your interst earned at the end of the year you might want to set up an interest earned account for each payor under a parent account of interest earned. The other account is easy, it is you savings account, you debit your savings account and credit the intersst earned account.
Thank You, Gyle McCollam Gyle McCollam gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email ________________________________ From: gnucash-user <gnucash-user-bounces+gylemc=gmail....@gnucash.org> on behalf of Abe Sternberg <abe.h.sternb...@gmail.com> Sent: Monday, February 20, 2023 12:46 PM To: gnucash-user@gnucash.org <gnucash-user@gnucash.org> Subject: [GNC] Interest Income I have just started using Gnucash for my savings account, not much money involved here, and wanted to enter my first transaction. Not being good at double-entry bookkeeping, I have no idea what are the two off-setting accounts. I imagine that I use income, but what is the other account? Thanks for your help to a dumb guy. Abe _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- 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 ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
