How to create settings for interest

You then specify the interest rates that you have agreed with your bank (the rate per annum - budget123 will convert this to the monthly rate). The calculated interest income or expense is automatically entered in the two interest accounts that you selected in System accounts.

You can also enter the information directly in the period fields to set a variable rate for interest income and expenses. Please note that when you specify different rates in the individual periods, budget123 will calculate the average rate when you save the values​​.