Paying margin interest

Use the Margin Interest Expense transaction type to record the interest amount that you paid for a security bought on margin.

To record margin interest expense

1. In the sidebar, select the investment account you want to use.
2. Click the Transactions tab and then click the New Transaction icon in the register toolbar.
3. Select Margin Interest Expense from the Transaction Types list.
4. Add the information for:
   • Date - Enter the date when the margin interest expense was incurred.
   • Payee/Description - Select the payee for the expense. If the payee does not appear in the list of securities, select Edit Securities to add the payee.
   • Interest Paid - Enter the interest paid for the shares of the security bought.
   • Memo - Enter the note you want to associate with the transaction.
   • Tags - Enter the tags that you want to use when searching for the transaction.
5. To add an attachment, go to the Attachments tab, click the Add attachment button, and select the file you want to attach to the transaction.
6. Click Save when you are done.