GnuCash: how to enter the purchase of a corporate bond with accrued interest

[Alice Lee]

Wm   I did not get a private E-mail.  If you could send me the general
ledger with the entries, I can tell you what needs to change.

-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
Of Wm
Sent: Saturday, February 28, 2015 2:13 PM
To: gnucash-user at gnucash.org
Subject: Re: GnuCash: how to enter the purchase of a corporate bond with
accrued interest

Sat, 28 Feb 2015 05:31:35 <mcs8uo$9ep$1 at ger.gmane.org>  Larry Evans
<cppljevans at suddenlink.net>

>On 02/27/2015 12:31 PM, Alice Lee wrote:
>> The accrued interest is not an expense.  It is a receivable which 
>> will be zeroed out when the interest is received.  The balance is income.

>I'm afraid I still do not understand.  I've tried to use such an 
>InterestReceivable account as you suggest; however, I can't get it to 
>work (as indicated by the screen shots in my private email to you).

I haven't seen the private stuff but I think you are now going backwards
rather than forwards.

>Could you possibly provide more concrete information about how to 
>accomplish this?  In the example screenshots I sent to you, the balance 
>at year end is $1010 instead of the expected $1005.
>I even tried making the InterestReceivable type Accounts Receivable; 
>however, that didn't help either.

That is unlikely to work.

>A concrete example(screen shots or even a .gnucash file) would help 
>greatly.

I think you were closer to a solution earlier in the thread.  I thought your
message of the 27th in reply to me was the logical end to it as you had
answered your own question.

--
Wm...
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