GnuCash: Open-source double-entry accounting software

Re:GnuCash: Open-source double-entry accounting software by faitswulff on Thursday June 06, 2019 @10:21PM (#20121119)

Does anyone know of any free/open source software that calculates compounding interest on accounts?

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Re:GnuCash: Open-source double-entry accounting software by smichael on Friday June 07, 2019 @04:27PM (#20128285)

There's http://hackage.haskell.org/package/hledger-interest, a hledger addon.

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Re:GnuCash: Open-source double-entry accounting software by stevezsa8 on Friday June 07, 2019 @02:14AM (#20122062)

Any spreadsheet software will do this. =money_in_account*(interest_rate/12)

I would advise to start with a spreadsheet and then move to custom accounting software after you are used to keeping track of numbers.

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Re:GnuCash: Open-source double-entry accounting software by faitswulff on Friday June 07, 2019 @08:09AM (#20123709)

Hmm, I suppose spreadsheets would work, but I'd like if there was something with a friendlier interface for seeing how much someone owes me after a certain time, and with partial payments.

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Re:GnuCash: Open-source double-entry accounting software by N_trglctc_joe on Friday June 07, 2019 @07:12AM (#20123376)

That formula won't work with compound interest. I'm not sure if most spreadsheet packages have an exponential function, but the formula should be

money_in_account * exp( interest_rate/12 )

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