loans in gnucash
Eric E Moore
Thu, 30 Aug 2001 13:06:53 +0100
>>>>> "Matt" == Matt Kowske <firstname.lastname@example.org> writes:
Matt> hey everyone, i was wondering if someone could explain to me the
Matt> "correct" way of setting up a loan? i have some loans for
Matt> school.. some that are collecting interest and some that aren't.
Matt> what type of account could I make these and how could i enter
Matt> the interest accrued on them thus far? thanks for any help.
Create a liability account called "loan" or whatever you like, and an
"interest" expense account. When you get charged interest, credit the
loan account, and debit the "interest" account.