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How to Track Accrued Interest for a GIC

This article explains how to record accrued interest separately from a GIC.

Updated today

There are two ways to track accrued interest for a GIC: Interest transaction or Accrued interest asset

Steps to add accrued interest

  1. Navigate to Assets.

  2. Click Add New.

  3. Select:

    • Asset Type = Accrued Interest

  4. Enter:

    • Value (as Date of Death value or current value)

    • Ownership

    • Description (optional)

  5. Click Save.


Result

  • The accrued interest will appear as a separate asset

  • It will sit alongside the related GIC in the asset list


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