[GNC] Adding Interest to Liability

Louise louise at bernevyl.com
Sat Jan 4 14:44:23 EST 2025


I'm not an accountant, so be gentle with me!

I have an account set up for the money I owe the tax man. As I owe it. 
I've created it as a liability.

When I pay it from my chequing account I Withdraw from the chequing 
account, and transfer to the liability account. That reduces the total 
amount owed, which seems to be correct.

However, I have to pay interest on the amount I owe, which the tax man 
takes from my chequing account. So when I create the same transaction 
for the interest, i.e. withdraw from chequing and transfer to tax, the 
amount is reduced not increased.

How do I add interest to the liability account by withdrawing money from 
the chequing account?

-- 
If you need end-to-end encryption, I have a security key


-- 
This email has been checked for viruses by Avast antivirus software.
www.avast.com


More information about the gnucash-user mailing list