If you have received interest from a financial institution such as a bank, there are several ways to record the transaction in Saasu.

Entering Interest Received as a General Journal Entry:

1. Click on the Add for Journal in the Main Menu to load the Journal entry screen.
2. Enter the Transaction Date and a Brief summary of the transaction such as “Interest from Bank XYZ”
3. Add the following line items representing the two entries required to capture the $20.00 interest received:
   

   Account	Tax Code	Debit	Credit
   Asset: Bank XYZ A/c	(choose tax code for your zone)	20.00
   Other Income: Interest Received*	(choose tax code for your zone)		20.00

4. Save the transaction.

Entering Interest Received as a Sales Invoice:

1. Click on the Add icon for Sale in the main menu to enter Add Sale screen.
2. Enter any required details for the invoice such as the Date etc.
3. Select the Account you have setup for this type of transactions e.g. Other Income:Interest Received*.
4. Select the appropriate Tax Code for your zone.
5. In the Quick Payment section of the screen enter the date the money was received and choose the appropriate bank account it went into e.g. Sample XYZ A/c.
6. Save the transaction.

Import bank statement and categorize the transaction as a Sale with Payment:

1. Click the Add icon for Bank Import in the menu to enter Import Bank Statement screen
2. Import your bank statement into your Saasu file.
3. Tick the check box for the interest paid transaction in the imported items list from the statement.
4. Select ‘Sale with payment’ from the transaction type pick list.
5. Select the Account you have setup to record these type of Transactions e.g. Income:Interest Received
6. Select the appropriate Tax Code for your zone.
7. Click on Categorise.

* This Account may differ for your specific circumstance. Sometimes it can be Income:Interest Received and other variations.