Banking
Hello, @angiebailey1.
I'll share with you the complete actions in recording interest in QuickBooks Online.
There are two ways of recording the interest, either in the Reconciliation page or creating a new interest account.
See the sample screenshot for the Reconciliation section.
Here's how to create an account:
- Go to the Accounting tab on the left side.
- Select Chart of Accounts then hit New.
- Under the Account Type column, select Other Income.
- In the Detailed Type drop-down, choose Interest Earned.
- Type a specific name in the box.
- Tap Save and close.
After that, let's go to the Plus icon, then choose Bank Deposit to post the amount.
- On the Deposit page, choose the account you've created.
- Enter the amount.
- Hit Save and close.
For more details, check out this article: Record and make bank deposits in QuickBooks Online.
You can always run the report by going to the Accounting menu. Then locate the account, and hit the Run report.
I've also added articles about handling and reconciling accounts in QBO.
Post again if you have any other questions. I'm always here to help. Wishing you a good one!
