Re: Loan accounts

It is usually deducted as an expense in some other account. The transactions
in a loan account are actually splits from a transaction in a bank account.
The splits in the loan account only reduce principal (adding to your net
worth). Paired with those splits (within a bank account parent transaction)
are splits that account for interest paid (subtracting from your net worth).

HTH,

--Kevin

On Wed, Aug 31, 2011 at 3:00 PM, John Sampson <jrs.idx-XZoyATsUNX5Wk0Htik3J/[email protected]> wrote:

> Hello -
>
> Please excuse a possibly clueless question, but why is interest not
> included
> in the balance shown in a loan account? Should it appear elsewhere for
> the sake of calculating one's total worth?
>
> Regards
>
> _John Sampson_
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