Specific Interest Accounts

Specific interest accounts are each related to a specified debt or investment account, so in forecast periods, you can forecast interest income and expense based on debt and investment balances. Any of the 10 predefined forecast methods or the Freeform Formula method can forecast interest. You can apply one of these methods:

  • Percent of Another Account

  • Percent of Prior Period Account

  • Percent of Average Account

where the Associated Account for each interest account is the related debt or investment account and percentages entered are interest rates. When debt or investment accounts are subaccounted, related interest accounts are subaccounted, enabling forecasting interest rates for different debt and investment accounts.

Specific interest accounts and related debt/investment accounts are:

Account

Name

Assoc. Acct.

2010.05

Interest on Marketable Securities

2010.00

2015.05

Interest on Excess Mkt. Securities

2015.00

2460.05

Interest on L-T Funding Asset

2460.00

2510.05

Interest on Curr. Portion of LTD

2510.00

2520.05

Interest on Notes Payable

2520.00

2660.51

Interest on L-T Debt: Scheduled

2660.00

2690.05

Interest on Long-Term Debt: Excess

2690.00