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Access the complete documentation index at:
https://www.zoho.com/au/books/kb/llms.txt

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# I have deposited an amount as fixed deposit. How do I record this fixed deposit amount and its interest received in Zoho Books?

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To record the fixed deposit and the interest received, you have to create two accounts in _Chart of Accounts_. One account must be a **Fixed Deposit**, which will be an **Other Current Asset account** (Fixed Deposit) and the other account must be an **Interest**, which will be an **Other Income account** (Fixed Deposit Interest Income). To know how to create an account, click [here](/books/help/accountant/chart-of-accounts.html#create-new-account).

The amount deposited in the fixed deposit account can be recorded as an expense. Here’s how:

*   Go to _Purchases_ on the left sidebar and select **Expenses**.
*   Click **\+ New** in the top right corner of the page.
*   Select **Expense Account** (Fixed Deposit in this case).
*   Enter the necessary details.
*   Click **Save**.

If you have received the interest for the fixed deposit amount, you can record it in Zoho Books. Here’s how:

*   Go to **Banking** on the left sidebar and select the bank account in which you want to record this amount.
*   Click _Add transaction_ and select **Other Income**.
*   Select **Fixed Deposit Interest Income** under _From Account_.
*   Enter the amount and provide description.
*   Click **Save**.

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