Recording Interest on a Stock Record

To effectively manage interest on a stock record, follow the steps below:

1. Create a "Bonus Type" for Interest

• Set up a Bonus Type specifically labeled as "Interest" within your system.

2. Post Interest as a Separate Cost

• When recording interest for a deal, post it as a separate cost under the newly created "Interest" bonus type. This ensures it is tracked independently from other expenses.

3. Accrue Interest in GANI

• Once the interest has been posted, it will automatically be allocated to the GANI (General Accrual of Net Interest), where it can be accrued and managed over time.

By using this method, you can accurately track and manage interest costs on stock records while keeping them organized and easy to reference within your accounting system.