You’ve already recognized the income, so the realized income shouldn’t go in Income at all. Why not just a credit to Assets:Notes:Note 1 and debit to Assets:Cash or whatever your cash account is?
> On Mar 4, 2023, at 4:28 PM, Jasel17212 <[email protected]> wrote: > > I'm looking for some input on how to book the following. > > Let's say I've loaned someone $1,000. Each month I receive PIK interest > <https://www.investopedia.com/terms/p/paymentinkind.asp> on that note in the > amount of $10.00. I make an entry as follows: > > 2023/01/01 * Note 1 PIK Interest > Income:Interest:PIK Interest -10.00 USD > Assets:Notes:Note 1 > > Even though I haven't received this money as cash, I choose to include this > PIK interest in my tithes calculation: > > = /^Income/ > (Liabilities:Tithe) 0.10 > > When the note eventually pays off, my CPA needs to know that all of this PIK > interest has now been fully realized. I could back the accumulated PIK > interest out of the "Income:Interest:PIK Interest" account and put it into an > "Income:Interest:PIK Interest Realized" account, but this messes up my > automatic tithes calculation. My other thought is to add the realized > interest to a virtual "Income:Interest:PIK Interest Realized" account, but > now my income reports are off unless I remember to exclude one of the two > income accounts depending on whether or not I want a cash basis view or > accrual view of my income. > > Anyone have thoughts on a good way to handle this? > > Thanks > JL > > -- > > --- > You received this message because you are subscribed to the Google Groups > "Ledger" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] > <mailto:[email protected]>. > To view this discussion on the web visit > https://groups.google.com/d/msgid/ledger-cli/ad866fbd-0601-4717-9f92-7a9fd51ec3aen%40googlegroups.com > > <https://groups.google.com/d/msgid/ledger-cli/ad866fbd-0601-4717-9f92-7a9fd51ec3aen%40googlegroups.com?utm_medium=email&utm_source=footer>. -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/4CFA8E31-F4B3-43D8-8669-9E100607E263%40gmail.com.
