How To Add Interest Earned From The Bank

[John_M]

Hi.  My business bank account has accrued interest.  Can anyone advise me of how to show this accrual within Express Accounts?

Thanks.

[Jsalgado]

Hi, sadly the program does not offer the option to add this specific item. You can send your suggestions and feedback directly to our developers here: 

https://www.nch.com.au/suggestions/index.html

[GRH]

You could journal a Bank Receipt to Interest Revenue 4910 CR and the Bank account 1110 DR- assuming you are using those journals

Perhaps set up a journal for that specifically - Bank Interest Received, for example.

I am trialling this software and find it different, for sure - no dedicated Bank register, like in Sage, for example - if there is I can't find it.

Hope this helps.

[John_M]

Thanks so much.  Yes.  I ended up doing the same as you have suggested.  I was used to using Quickbooks so I have had to come up with work arounds so that I can still do the same kind of tasks. eg.  inventory, working with cash payments made that I need to deposit etc.

[GRH]

Glad to have been of help, if belated. I don't know of another software that does not have a bank/cash transaction register integrated, I will suggest it as you were advised.