[GNC] Roundoff issues in amortized payments?

[David Cousens]

Hong,
GnuCash currently does not adjust the scheduled payments. It could, but there is
no way for GnuCash to know in what order your bank may choose to do these
adjustments to the payments so you would have to adjust them manually in any
case. The idea is AFAIK to act as a reminder to record repeated payments and to
act as a predictor of future cash requirements rather than to record the
payments per se.

David

On Wed, 2021-06-09 at 00:20 -0700, Hong Xu wrote:
> Say I prepaid some expenses for $100 for 1 year. I can do $100/12=$8.33 
> for monthly expenses, but 8.33 * 12 = 99.96 < 100. Instead, I would hope
> gnucash can schedule transactions that automatically round these to $8.34,
> $8.33, $8.33, $8.34, $8.33... Is this currently possible?
> 
> I was looking into pmt function and hope it can solve my problem, but the 
> doc <https://www.gnucash.org/docs/v4/C/gnucash-help/trans-sched-loans.html>
> currently says pmt doesn't support zero interest loans:
> 
> 
>     It does not support zero-interest loans, but one doesn't really need an
> assistant for that: Just create a scheduled transaction 
> for the principal divided by the number of payments that lasts for the number
> of payments. For example, if one has borrowed $1200 for a year at no 
> interest and promised to pay it back in monthly installments, the repayment
> schedule is $100 monthly for twelve months.
> 
> 
> Thanks!
> 
> Hong
> 
> 
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