Adding interest from your term deposits is simple and hassle-free in TaxTank! Just follow the easy steps below to make sure everything is properly recorded in Holdings Tank.
Navigate to the Holdings Tank and open the Income tab.
Click the Add button and fill in the details:
Amount: Enter the net interest received.
Date: Provide the income receipt date.
Category: Choose Interest on term deposits.
Description: Include a note to identify the income.
Payer: Select or add a payer from the dropdown menu.
Edit or Delete: To make changes or remove the entry, click the pencil icon to edit or the bin icon to delete.
