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, use whatever you like.)
You want to reflect the increase in the Deposit Account which is
comprised of whatever source of funds (a decrease in Cash in the above
example) and an increase in the Interest earned.
In this particular case, you are recording a shift in assets from one
asset account to another, (Cash to Deposit Account) and also recording
the realization of income and its transfer to one of those assets. (the
Deposit Account)
Regards,
Adrien
On 10/22/23 3:36 PM, Name Same wrote:
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 )
which made me quite rich.
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?
If I don't credit from income:interest, the interest deposited in the bank
account shows under imbalance.
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