I could be misunderstanding the desired goal.
Do you want the interest portion to be calculated on the immediate
deposit or on the entire account balance?
If the immediate deposit, you would simply add a split for the interest
and indicate the amount. (since it is fixed, the rate is irrelevant as
the math always produces the same result, thus no formula is needed.)
If on the account balance at the time, you can prompt yourself for that
as a variable and let GnuCash do the math.
The interest split would in this case have a formula instead of a fixed
amount but where the current balance would appear you simply use a word
say 'balance' and gnucash will treat that as a variable. When the
transaction fires, GnuCash will prompt you to enter the balance amount
to be used in the formula.
Create a copy of your file and do a test transaction as practice if it
helps.
-----
Note, the example you cite of adding code to a Scheme file is a much
more advanced approach and it appears to be for a more complicated
situation than you are describing.
-----
The first transaction in just about any Asset or Liability account will
be to Equity:Opening Balances. This is fairly standard accounting practice.
In double-entry, money does not appear or disappear. It moves from one
account to another. With respect to Opening Balance, you think of it as
a reason or explanation more than a source or destination account if
that helps.
Regards,
Adrien
On 10/20/23 2:38 PM, Name Same wrote:
Hi there,
I am new to gnucash, so please pardon me if this sounds too simple a
question.
How do I schedule transactions to automatically add a percentage interest
for a fixed deposit for a fixed deposit account?
https://en.wikipedia.org/wiki/Fixed_deposit
The material on how to enter/use simple or compound interest formulas in
scheduled translation is not clear. Here are the links I found: 1)
https://wiki.gnucash.org/wiki/Scheduled_Transactions#Bank_Account_Interest,
and 2) https://code.gnucash.org/docs/C/gnucash-guide/invest_int1.html
Link 2) doesn't have a screenshot that shows what entries were made in the
fields/forms to calculate interest, and shows just the result.
Another side problem I face is: When I create a fixed deposit account with
an initial amount, the scheduled transaction template for some reason keeps
adding "opening balance" to the transactions. How do I just schedule
interest deposits based on opening balance of fixed deposit account?
_______________________________________________
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.
