How to add interest up to today's date?

[John Bibby]

It seems a rather simple piece of functionality: I just want the option to
add a notional value  B * R * T where B was the previous balance, R is the
rate of interest, and T is the time elapsed.

I agree that some people may not use this & might regard it as
"theoretical" (like John Layman) rather than "actual" -but it is the amount
that would be added if I went to close the account today - so it is actual
enough for me!

At present however, I do not even know how I should store the rate of
interest in Gnucash.

Any advice/comments please?

JOHN BIBBY



On 10 March 2012 19:25, John Layman <john.layman at laymanandlayman.com> wrote:

> Furthermore, while interest accrues day by day, it isn't actually added to
> an account until a certain point in time.  Since the purpose of GnuCash is
> to track the actual value of an account (rather than some theoretical
> value)
> it wouldn't make sense to show accrued interest other than in a separate
> accrual account.
>
> -----Original Message-----
> From: gnucash-user-bounces+john.layman=laymanandlayman.com at gnucash.org
> [mailto:gnucash-user-bounces+john.layman=laymanandlayman.com at gnucash.org]
> On
> Behalf Of David Carlson
> Sent: Friday, March 09, 2012 8:19 PM
> To: gnucash-user at gnucash.org
> Subject: Re: How to add interest up to today's date?
>
> On 3/9/2012 12:29 PM, Shokster wrote:
> > I too am keen to see this question answered!
> >
> > --
> > View this message in context:
> > http://gnucash.1415818.n4.nabble.com/How-to-add-interest-up-to-today-s
> > -date-tp4456467p4460262.html Sent from the GnuCash - User mailing list
> > archive at Nabble.com.
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>
> There are almost as many different ways to calculate interest as there are
> lenders who charge interest.  Which method would you propose to use?
>
>
>
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