This article will show you how to record interest received for term deposit investment.
Navigate to fund level > Transactions >Fund Income > Interest Received
- Select Investment Account relevant term deposit account
- Enter Accounting Date of the interest
- Enter Tax Date of the interest here
- Enter Net Payment which is net Interest here; this is the gross less the TFN withheld.
- Click 'Submit' to save
Term Deposit - Interest Reinvested
If the interest received was reinvested into the term deposit you simply need to follow all 4 steps as listed above and in addition select the tick box on the right-hand side of the event screen Reinvest Details - Step 5 below: