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August 30, 2019
Question

Where do i input bank interest

  • August 30, 2019
  • 1 reply
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    1 reply

    August 30, 2019

    Hello Thewilt58,

     

    You can input bank interest in the+ symbol>bank deposit>add funds to this deposit>fill in the bank as the received from>in account select interest earned income account(there is a chart of account for interest earned you may have to create it if not used before,you can click on the drop down on that box and the green + symbol,then select other income in account type and interest earned in detail type,you can change the name to something else if you want ,then save)fill in amount earned>make sure date and bank is correct in top right>save.

     

    You can also input this information when you do the reconcile if you use the reconcile tool in the cog.

     

    Any queries just reply back to this post.

     

    Emma