How to add interest up to today's date?

[David Carlson]

On 3/11/2012 3:56 AM, John Bibby wrote:
> 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:
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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?
>>
>>

Then create a scheduled transaction to repeat over your interval T, and
when it comes up, look in your register at the balance, and calculate
the number.  If there is a way automate finding B, I do not know about that.

David

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