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Created by AgExpert Support
Created on Feb 12, 2018

Disqus Agexpert Accounting Questions Archive

How do i properly record interest earned on AgriInvest Account
Ive always had to Loan accounts AgriInvest 1 AgritInvest 2 and i have always put interest earned To an Income account Called AgriInvest Income and then increased Agristability 2 loan account

  • ADMIN RESPONSE
    Feb 10, 2025

    Since the income doesn't have to be claimed until the funds are drawn, a better entry for you would be to increase the AgriInvest2 account and offset that against an Equity account called AgriInvest Income. That Equity account will just "hold" the income until the draw happens and at that point it can be moved over to the real Income account.

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