A couple of doubts

[Conscious User]

Hi Mike, thanks for the reply.

> 1) There is no way for GnuCash (or any other accounting package) to know 
> in advance how much you actually pay on any bill. That's why you have to 
> enter the amount that you DO pay. Not "intentions" but actuality.

That's too bad. But is "paying the entire bill" that rare of a use case?

I'm surprised that no accounting package does this...

> 2) There are a zillion (OK, just dozens) of different ways that interest 
> might be figured. In theory would be possible to code for a number of 
> these different ways and provide a menu for users to select the 
> particular method to apply to this account. In practice that wouldn't be 
> very useful, prone to user error (wrong selection) and your records 
> (when you made deposits or withdrawals) and the banks are unlikely to 
> always agree precisely. More normal you wait till you have a statement 
> form the bank and enter that month's interest.
> 
>    If you don't understand what I meant by "different ways", could you 
> be a bit more precise what you meant by that 0.5% interest? Was that 
> 6%/365 times the average daily balance? Or was that 0.5%/30 times the 
> average daily balance? Or does it matter how many actual days there were 
> in the month? (with the first example it did).

I think I used the wrong words. What I what is very simple: my savings
account to increase by 0.5% each month.

Thanks again,
C.U.