http://ibearsoft.com/forums/tags/interest iBearSoft Community en-US Tue, 07 Feb 2012 13:26:20 +0000 http://bbpress.org/?v=1.0.3 q http://ibearsoft.com/forums/search.php http://ibearsoft.com/forums/topic/interest-accounts#post-5194 Thu, 27 Oct 2011 14:24:50 +0000 Elena GR 5194@http://ibearsoft.com/forums/ <p>There is no such an option now. We will think about adding it in the future </p> http://ibearsoft.com/forums/topic/interest-accounts#post-5189 Tue, 25 Oct 2011 11:50:30 +0000 mikael 5189@http://ibearsoft.com/forums/ <p>Is there a way to create a simple savings account with regular interest and have Money calculating the interest automatically (i.e. 2% every month as opposed to setting up a fixed regular transaction).</p> <p>Thanks. </p> http://ibearsoft.com/forums/topic/how-to-handle-investment-accounts#post-1770 Tue, 25 May 2010 13:41:25 +0000 icebreak 1770@http://ibearsoft.com/forums/ <p>It's already done via the Currency Update so basically it also could be done for any others input. Let's say from Yahoo! Stock market for example. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-767 Fri, 12 Mar 2010 15:31:03 +0000 trevort 767@http://ibearsoft.com/forums/ <p>Your right actually, you can't see a monetary liability in a regular expense transaction.</p> <p>Here is another option for you:</p> <p>Do a new Discharging Liabilities transaction, choose the Category that you created for Interest as I said before, and choose your Monetary Liability as the account. Don't put anything for interest, but instead put a Negative value on principle using the +/- button on the right after you type the amount. Save your transaction and your Liability will increase.</p> <p>You could probably also do it as Extra Payment instead. Also since you use the different category just for this interest you can still track it the way I suggested earlier and see how it goes down over the period of your payments. I have only tested to make sure that the liability does indeed go up though.</p> <p>Hope that helps. I can post screenshots elsewhere if you need. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-765 Fri, 12 Mar 2010 14:25:42 +0000 goldo72 765@http://ibearsoft.com/forums/ <p>Maybe it was a good suggestion. I just din't understand it though. A regular transaction? I can't see my line of credit account if I only use expense. The only time I seem to be able to see it is through Discharging Liabilities.<br /> But I decided to use a different way. When I pay in it (discharge) I add the previous interests with it to end up balancing the account just later that it could have. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-764 Fri, 12 Mar 2010 13:16:56 +0000 Akhat 764@http://ibearsoft.com/forums/ <p><em>Replying to @<a href='http://ibearsoft.com/forums/profile/goldo72'>goldo72</a>'s <a href="http://ibearmoney.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-755">post</a>:</em></p> <p>Basically trevort is right, and the way that he suggests this to do is a good option. And you are right that it is complicated to add some interest, and the reason is that working with credits has not been among the app's main targets. However, we do work on making it easier to deal with credits so at some point you shall have a simpler way for doing it. In the meantime hope that you enjoy all the other app's capabilities. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-755 Thu, 11 Mar 2010 18:08:24 +0000 goldo72 755@http://ibearsoft.com/forums/ <p>why is it so complicated just to add some stupid interest in a line of credit account???</p> <p>There is already a category called "Bank Charges &amp; Interest", but I can't just add an expense to my line of credit account which is in "Monetary Liabilities" . I can't add more expense (interests or even if I borrow again) to that account. Why not? I would have to add that account under "Credit cards"??</p> <p>Something is wrong here. Not thought through completely or something. Or is it just me who is too stupid? </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-752 Thu, 11 Mar 2010 15:37:20 +0000 trevort 752@http://ibearsoft.com/forums/ <p>An interest charge is basically just a transaction. Why not just create a category called "Line of Credit Interest", and make a regular transaction using the line of credit as the wallet, like you were paying something from that account (the bank) then link the category to the loan so you can see it in your Assets Cash Flow report, you can also see your interest charges in the budget tab and how they change over time. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-751 Thu, 11 Mar 2010 14:43:21 +0000 goldo72 751@http://ibearsoft.com/forums/ <p>I don't want to discharge interest but ADD interest to a credit line account.<br /> I have a line of credit account where interest and insurance are added every month until it is cleared (account is paid in full), and can't seem to find a way to do so. </p> http://ibearsoft.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-750 Thu, 11 Mar 2010 11:36:28 +0000 Akhat 750@http://ibearsoft.com/forums/ <p><em>Replying to @<a href='http://ibearsoft.com/forums/profile/goldo72'>goldo72</a>'s <a href="http://ibearmoney.com/forums/topic/how-to-add-interests-to-monetary-liabilities#post-739">post</a>:</em></p> <p>You cannot discharge interest if you do not have it assigned to an account. If you use a simple credit line, you need to make an account, which is assigned to this credit line for further payments. If you use a credit card, then when you register Discharge of Liability transaction, choose this credit card as a liability AND as an account when you add interest. The interest will then be charged from the account as a commission for using this credit card.</p> <p>May sound a bit confusing so please let me know if my explanation is clear. </p>