Entering savings account interest
Posted: Mon Apr 03, 2023 4:11 pm
We have several savings accounts. How do I enter interest earned in these accounts? Thanks!
You'd enter a transaction in Funds Accounting that would look much like normal Contributions deposits, except for the asset it would be the savings account, and for the income it would be a "Savings Interest" income account which you should already have, if not, create one.StPaulUCC2 wrote: ↑Mon Apr 03, 2023 4:11 pmWe have several savings accounts. How do I enter interest earned in these accounts? Thanks!