That sounds too simple - I'll try it. I really get confused with this
double-entry business, but these records are for a non-profit and I have
to be sure they are kept correctly.
Regards,
Abe
On 2/20/2023 14:31, Gyle McCollam wrote:
Just a thought, if you haven't set up your savings account before and
you are setting up the initial balance as the transaction you are
referring to you would debit the savings account and credit an equity
account. Most likely a beginning balances 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
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