[GNC] Interest Income
Gyle McCollam
gmccollam at live.com
Mon Feb 20 14:31:03 EST 2023
Just a thought, if you haven't set up your savings account before and you are setting up the initial balance as the transaction you are referring to you would debit the savings account and credit an equity account. Most likely a beginning balances account.
Thank You,
Gyle McCollam
Gyle McCollam
gmccollam at live.com<mailto:gmccollam at gyleshomes.com> email
________________________________
From: gnucash-user <gnucash-user-bounces+gylemc=gmail.com at gnucash.org> on behalf of Abe Sternberg <abe.h.sternberg at gmail.com>
Sent: Monday, February 20, 2023 12:46 PM
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: [GNC] Interest Income
I have just started using Gnucash for my savings account, not much money
involved here, and wanted to enter my first transaction. Not being good
at double-entry bookkeeping, I have no idea what are the two off-setting
accounts. I imagine that I use income, but what is the other account?
Thanks for your help to a dumb guy.
Abe
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