See my reply in the thread titled "I need basic help" made today that
gives an overview of Debits & Credits.
Your splits in that transaction should be something like:
Dr. Assets:Deposit Account (amount = cash + interest)
Cr. Assets:Cash
Cr. Income:Interest
(These are just general names,
On 2023-10-22 13:36, Name Same wrote:
> One thing I note is that in the transaction template, I had to show
> a debit action into the bank account, and a credit action from
> Income:interest to keep the sheet balanced. Is that the right thing to do?
Absolutely. Debits must balance credits in
Hi Adrien,
Thanks for the reply, I figured out how to use the formula
system with scheduled transactions with some trial-and-error.
I tried both a simple formula like 1000*4/100 for a recurring
fixed 4% deposit, and a compounding formula, like:
computeInterestIncrement( 1000.00 : 0.4 : 12 : i )
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
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
