How do I record savings account interest income?

I'll be happy to help record your transaction, @rockitman.

Recording an interest income for a savings account is entered as a deposit. Make sure to use the Interest Earned category of your accounts. Let me show you how.

Firstly, let's create the category if the Interest Earned account is not listed in your Chart of Accounts by following the steps below:

1. Go to Accounting.
2. Select Chart of Accounts.
3. Click New.
4. Under Account Type, select Other Income.
5. On the Detail Type selection, select Interest Earned.
6. Enter the name of your new account, Say Interest Income.
7. Click Save and Close.

Once done, here's how you can enter the deposit:

1. Go to the +New button.
2. Under OTHER, select Bank deposit.
3. Below the ACCOUNT column, select the recently created income account.
4. Enter the amount of interest you've earned.
5. Click Save and close.

I'm adding this article for guidance and all related references you can utilize to make sure your account register matches your bank and credit card statements: Use this Guide Anytime you need Help Doing or Fixing a Reconciliation.

If you have any other clarifications or follow-up questions about recording an interest income, please let me know by adding a comment below. I'll be here to lend a hand. Stay safe!