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I am trying to reconcile my Savings Account, but I’m unsure how to handle the interest in and tax out

From the reconciliation screen, click on the “Bank Entry” button.

A pop up window will come up, allowing you to enter money out (Tax component) in the top half of the screen, and money in (credit interest) at the bottom half of the screen.   Make sure you code the Tax amount to an asset account (1-xxxx) and the credit interest to an income account (4-xxxx or 8-xxxx)

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