Yes, I believe that is what is needed. I guess the most basic form of my question, is there a way to calculate interest on a balance within Ledger?
I figure if needed I can calculate it by hand and add it as a transaction.... On Wed, Apr 6, 2011 at 3:01 PM, Darald Bantel <[email protected]> wrote: > > > On Wed, Apr 6, 2011 at 3:52 PM, Michael Farnbach > <[email protected]>wrote: > >> Just a quick question to add to the top of this, just because it is >> something I've been thinking about too... >> >> Lets say someone sets up a liability, you owe yourself (or your company) >> money as happened in this thread. >> >> Lets say I want to charge myself interest, what is the most automatic way >> to calculate what you need to pay yourself back with? (Or in this case, pay >> your employees with)? >> >> My situation is a reserve account, sort of like a trust in the >> documentation, that acts as an account within an account for something I'm >> saving for. >> >> Some months I might not be able to make the reserve, but perhaps I can pay >> into it next month the same amount plus the interest it would have earned in >> the savings account. How do I calculate and account for that interest? >> >> Thanks, >> >> I appreciate any help. I was figuring this out on my own and got a bit >> stuck. >> > > Create another account (grin!). > > Its easy enough to create accounts. Use that ease! > > Darald > >
