[GNC] Interest Income

[Abe Sternberg]

That sounds too simple - I'll try it.  I really get confused with this 
double-entry business, but these records are for a non-profit and I have 
to be sure they are kept correctly.

Regards,
Abe

On 2/20/2023 14:31, Gyle McCollam wrote:
> 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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