[GNC] Mortgage with daily applied interest

[Derek Atkins]

Personally I just use the principal/interest splits as guidance.
It's really the Bank Records that matter, and Gnucash often has a rounding
difference or slight calculation difference.
Moreover, if you pay down the loan in any way, GnuCash cannot compute that
properly.
So, in my experience (especially because I DO pay down my loans), I use
the SX to keep track of my checking account side, and take my monthly
statements to "correct" the loan account side of the equation.

Obviously YMMV.

-derek

On Sat, July 12, 2025 7:26 am, Henrik Morsing wrote:
>
> Good morning,
>
> I started using GNUCash a few years ago but I have never managed to get my
> mortgage payments to work as a proper split expense. I have tried using
> the mortgage tool but, just like my HP 48G calculator, it gets the amount
> wrong and I think it is because my lender applies interest daily.
>
> Is this very unusual and is there a way to get this to work in GNUCash?
>
> Regards,
> Henrik Morsing
> --
>
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-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant