Recording Accrued Interest Shown on a 1099-OID

Online InvestingYou aren’t always paid the interest that you’ve earned. If you purchase a negotiable certificate of deposit (CD), for example, the bank issuing the CD may accrue the interest you’ve earned through the end of the year and then add this amount to the CD’s value. If you purchase a zero-coupon bond, you don’t receive periodic interest payments at all. Rather, the bond issuer accrues interest each year and then repays the bond and the total accrued interest at maturity Continue reading

Recording Interest Income and Reconciling Investment Accounts

online bankingRecording Interest Income

It’s likely that you’ll earn interest or other income on the cash balances you hold in your brokerage account. To record this interest or income, click the Easy Actions menu, click Record An Income Event, and then fill out the Record Income dialog box as described earlier. Continue reading