Adding a Certificate of Deposit account

[Syed_Salman_Ali]

@clef I hope this will be helpful to you.

Accounting for fixed deposits

Could you please let me know how to account for fixed deposits? These are amounts that gets locked in for a fixed period in the bank say 2 yrs/ 5 yrs etc and earns a interest for the said period, interest amount can be drawn monthly / quarterly/ annual or end of the term. The deposit amount to be reflected in asset.