On 5/5/2020 10:30 PM, flywire wrote:
Thank you. The guide explains a credit card account is a short-term
loan. The Loans section probably needs a reference back to Credit Card
Putting It All Together section which clearly explains Interest and
Payments.
Aaron describes it pretty well, a loan
Thank you. The guide explains a credit card account is a short-term
loan. The Loans section probably needs a reference back to Credit Card
Putting It All Together section which clearly explains Interest and
Payments.
Aaron describes it pretty well, a loan interest transaction generates an
expense
Most loans (certainly mortgages) aren't allowed to grow like this, so the
manual doesn't cover it. When your interest accrues, it will look like this:
Credit cards, lines of credit, etc. do
This is less a gnucash question than a fundamentals question, and once I
show you what you might want
On Mon, May 4, 2020 at 2:26 AM flywire wrote:
> Sorry, another loan query. Going in circles and thoroughly confused by
> https://www.gnucash.org/docs/v3/C/gnucash-guide/loans_mortgage1.html
> which seems
> to cut out before the interest is paid and flip to making a loan.
>
> I have a loan
Sorry, another loan query. Going in circles and thoroughly confused by
https://www.gnucash.org/docs/v3/C/gnucash-guide/loans_mortgage1.html
which seems
to cut out before the interest is paid and flip to making a loan.
I have a loan account (say $1000 Liabilities:Loan) and the interest is
