diff --git a/common/cmake_modules/GncAddSchemeTargets.cmake b/common/cmake_modules/GncAddSchemeTargets.cmake
index 5d61086d41..7c03203f65 100644
--- a/common/cmake_modules/GncAddSchemeTargets.cmake
+++ b/common/cmake_modules/GncAddSchemeTargets.cmake
@@ -95,10 +95,12 @@ macro(find_guile_dirs)
             "{GNC_HOME}/${GUILE_REL_UNIX_LIBDIR}"
             "{GNC_HOME}/${GUILE_REL_UNIX_SITEDIR}"
             "{GNC_HOME}/${GUILE_REL_UNIX_TOP_SITEDIR}"
+            "{GNC_HOME}/${GUILE_REL_UNIX_SITEDIR}/gnucash/deprecated" # Path to gnucash' deprecated modules
             "{GNC_HOME}/${GUILE_REL_UNIX_DATADIR}")
 
     set (GNC_GUILE_LOAD_COMPILED_PATH
             "{GNC_HOME}/${GUILE_REL_UNIX_CCACHEDIR}"
+            "{GNC_HOME}/${GUILE_REL_UNIX_CCACHEDIR}/gnucash/deprecated"
             "{GNC_HOME}/${GUILE_REL_UNIX_SITECCACHEDIR}")
 endmacro(find_guile_dirs)
 
@@ -154,7 +156,7 @@ function(make_scheme_targets _TARGET _SOURCE_FILES _OUTPUT_DIR _GUILE_DEPENDS
   endif(MAKE_LINKS)
 
   # Construct the guile source and compiled load paths
-  set(_GUILE_LOAD_PATH "${current_srcdir}" "${current_bindir}")
+  set(_GUILE_LOAD_PATH "${current_srcdir}" "${current_bindir}" "${current_bindir}/deprecated")
   set(_GUILE_LOAD_COMPILED_PATH "${current_bindir}")
   # VERSION_GREATER_EQUAL introduced in CMake 3.7.
   if(MINGW64 AND (${GUILE_EFFECTIVE_VERSION} VERSION_GREATER 2.2 OR
@@ -164,9 +166,10 @@ function(make_scheme_targets _TARGET _SOURCE_FILES _OUTPUT_DIR _GUILE_DEPENDS
     list(APPEND _GUILE_LOAD_PATH ${guile_load_path})
     list(APPEND _GUILE_LOAD_COMPILED_PATH ${guile_load_compiled_path})
   endif()
-  set(_GUILE_CACHE_DIR ${CMAKE_BINARY_DIR}/${GUILE_REL_UNIX_SITECCACHEDIR})
+  set(_GUILE_CACHE_DIR "${CMAKE_BINARY_DIR}/${GUILE_REL_UNIX_SITECCACHEDIR}")
   list(APPEND _GUILE_LOAD_PATH "${CMAKE_BINARY_DIR}/${GUILE_REL_UNIX_SITEDIR}")
-  list(APPEND _GUILE_LOAD_COMPILED_PATH ${_GUILE_CACHE_DIR})
+  list(APPEND _GUILE_LOAD_COMPILED_PATH ${_GUILE_CACHE_DIR}
+              "${CMAKE_BINARY_DIR}/${GUILE_REL_UNIX_SITECCACHEDIR}/gnucash/deprecated")
 
   set(_TARGET_FILES "")
 
@@ -253,3 +256,68 @@ function(gnc_add_scheme_test_targets _TARGET _SOURCE_FILES _OUTPUT_DIR _GUILE_DE
                       "${_GUILE_DEPENDS}" "${MAKE_LINKS}")
   add_dependencies(check ${_TARGET})
 endfunction(gnc_add_scheme_test_targets)
+
+# Function to write boilerplate code for deprecated guile modules
+# All but the _OLDMOD parameter are optional
+# It will emit a deprecation warning and if _NEWMOD is also given
+# that module will be loaded instead.
+# If _NEWMOD is given, _DEPENDS should be set to the target for which
+# that module is a source file.
+# For example module (gnucash reports standard transaction)
+# is defined in transaction.scm, which is a source file for
+# cmake target scm-reports-standard so that should be set as _DEPENDS.
+
+# The function expects module names in the form "gnucash mod parts"
+# If _DEPMSG is left blank, the module will emit a generic message,
+# otherswise _DEPMSG will be emitted.
+function(gnc_add_scheme_deprecated_module _OLDMOD _NEWMOD _DEPENDS _DEPMSG)
+    string(STRIP _OLDMOD "${_OLDMOD}")
+    string(REPLACE " " "-" _TARGET ${_OLDMOD})
+    set(_TARGET "scm-deprecated-${_TARGET}")
+
+    string(REPLACE " " ";" MODPARTS "${_OLDMOD}")
+    list(GET MODPARTS -1 DEPFILENAME)
+    set(SOURCEFILE "${CMAKE_CURRENT_BINARY_DIR}/deprecated/${DEPFILENAME}.scm")
+
+    string(FIND "${_OLDMOD}" ${DEPFILENAME} POS REVERSE)
+    if (${POS} LESS 2)
+        set(MODPATH "gnucash/deprecated")
+    else()
+        list(REMOVE_AT MODPARTS -1)
+        string(REPLACE ";" "/" MODPATH "${MODPARTS}")
+        set(MODPATH "gnucash/deprecated/${MODPATH}")
+    endif()
+
+    set(DEPPREFIX "* WARN <gnc-guile-deprecation> *: ")
+    if (_DEPMSG)
+        set(DEPWARNING "(issue-deprecation-warning \"${DEPPREFIX}${_DEPMSG}\")")
+    else()
+        set(DEPWARNING
+            "(issue-deprecation-warning \"${DEPPREFIX}Module '(${_OLDMOD})' has been deprecated and will be removed in the future.\")")
+        if (_NEWMOD)
+            set(DEPWARNING "${DEPWARNING}
+                (issue-deprecation-warning \"${DEPPREFIX}Use module '(${_NEWMOD})' instead.\")")
+        endif()
+    endif()
+
+    # Write the stub file
+    file(WRITE ${SOURCEFILE} "
+;; ${DEPFILENAME}.scm
+;; Compatibility module for deprecated (${_OLDMOD}).
+;; This file is autogenerated, do not modify by hand.
+
+(define-module (${_OLDMOD}))
+
+${DEPWARNING}
+")
+
+    if (_NEWMOD)
+        file(APPEND ${SOURCEFILE} "
+(use-modules (${_NEWMOD}))
+
+(let ((i (module-public-interface (current-module))))
+     (module-use! i (resolve-interface '(${_NEWMOD}))))")
+    endif()
+
+    gnc_add_scheme_targets("${_TARGET}" "${SOURCEFILE}" "${MODPATH}" "${_DEPENDS}" FALSE)
+endfunction(gnc_add_scheme_deprecated_module)
diff --git a/common/cmake_modules/GncAddTest.cmake b/common/cmake_modules/GncAddTest.cmake
index 17857c4fe8..c00c8292ef 100644
--- a/common/cmake_modules/GncAddTest.cmake
+++ b/common/cmake_modules/GncAddTest.cmake
@@ -31,17 +31,20 @@ function(get_guile_env)
   list(APPEND env "GNC_MODULE_PATH=${_GNC_MODULE_PATH}")
   list(APPEND env "GUILE=${GUILE_EXECUTABLE}")
 
-  if (NOT WIN32)
-      list(APPEND env "GUILE_LOAD_COMPILED_PATH=${CMAKE_BINARY_DIR}/${GUILE_REL_SITECCACHEDIR}:${CMAKE_BINARY_DIR}/${GUILE_REL_SITECCACHEDIR}/tests")
-  endif()
   set(guile_load_paths "")
-  list(APPEND guile_load_paths ${CMAKE_CURRENT_SOURCE_DIR}/mod-foo)
-  list(APPEND guile_load_paths ${CMAKE_CURRENT_SOURCE_DIR}/mod-bar)
-  list(APPEND guile_load_paths ${CMAKE_CURRENT_SOURCE_DIR}/mod-baz)
-  if (WIN32)
-    list(APPEND guile_load_paths ${CMAKE_BINARY_DIR}/share/gnucash/scm)
-  endif()
+  list(APPEND guile_load_paths "${CMAKE_CURRENT_SOURCE_DIR}/mod-foo")
+  list(APPEND guile_load_paths "${CMAKE_CURRENT_SOURCE_DIR}/mod-bar")
+  list(APPEND guile_load_paths "${CMAKE_CURRENT_SOURCE_DIR}/mod-baz")
+  #list(APPEND guile_load_paths "${CMAKE_BINARY_DIR}/${GUILE_REL_SITEDIR}")
+  list(APPEND guile_load_paths "${CMAKE_BINARY_DIR}/${GUILE_REL_SITEDIR}/gnucash/deprecated") # Path to gnucash' deprecated modules
   set(guile_load_path "${guile_load_paths}")
+
+  set(guile_load_compiled_paths "")
+  list(APPEND guile_load_compiled_paths "${CMAKE_BINARY_DIR}/${GUILE_REL_SITECCACHEDIR}")
+  list(APPEND guile_load_compiled_paths "${CMAKE_BINARY_DIR}/${GUILE_REL_SITECCACHEDIR}/gnucash/deprecated")
+  list(APPEND guile_load_compiled_paths "${CMAKE_BINARY_DIR}/${GUILE_REL_SITECCACHEDIR}/tests")
+  set(guile_load_compiled_path "${guile_load_compiled_paths}")
+
   if (MINGW64)
     set(new_path "")
     foreach(load_item ${guile_load_path})
@@ -49,13 +52,24 @@ function(get_guile_env)
       list(APPEND new_path ${load_item})
     endforeach(load_item)
     set(guile_load_path ${new_path})
+
+    set(new_path "")
+    foreach(load_item ${guile_load_compiled_path})
+      string(REGEX REPLACE "^([A-Za-z]):" "/\\1" load_item ${load_item})
+      list(APPEND new_path ${load_item})
+    endforeach(load_item)
+    set(guile_load_compiled_path ${new_path})
   endif (MINGW64)
   if (WIN32 AND NOT MINGW64)
-    string(REPLACE ";" "\\\\;" GUILE_LOAD_PATH "${guile_load_path}")
+      string(REPLACE ";" "\\\\;" GUILE_LOAD_PATH "${guile_load_path}")
+      string(REPLACE ";" "\\\\;" GUILE_LOAD_COMPILED_PATH "${guile_load_compiled_path}")
   else()
-    string(REPLACE ";" ":" GUILE_LOAD_PATH "${guile_load_path}")
+      string(REPLACE ";" ":" GUILE_LOAD_PATH "${guile_load_path}")
+      string(REPLACE ";" ":" GUILE_LOAD_COMPILED_PATH "${guile_load_compiled_path}")
   endif()
-  list(APPEND env GUILE_LOAD_PATH=${GUILE_LOAD_PATH})
+  list(APPEND env "GUILE_LOAD_PATH=${GUILE_LOAD_PATH}")
+  list(APPEND env "GUILE_LOAD_COMPILED_PATH=${GUILE_LOAD_COMPILED_PATH}")
+  list(APPEND env "GUILE_WARN_DEPRECATED=detailed")
   set(GUILE_ENV ${env} PARENT_SCOPE)
 endfunction()
 
diff --git a/libgnucash/scm/test/CMakeLists.txt b/libgnucash/scm/test/CMakeLists.txt
index 05105a25da..9896d8150c 100644
--- a/libgnucash/scm/test/CMakeLists.txt
+++ b/libgnucash/scm/test/CMakeLists.txt
@@ -1,5 +1,6 @@
 set(scm_test_SCHEME
   test-libgnucash-scm-utilities.scm
+  test-module-deprecation.scm
   )
 
 set(GUILE_DEPENDS
@@ -25,3 +26,7 @@ set_dist_list(test_scm_DIST
   CMakeLists.txt
   ${scm_test_SCHEME}
   )
+
+# Define two imaginary deprecated guile modules to test the compat file generation code
+gnc_add_scheme_deprecated_module ("gnucash deprecated-module" "" "" "")
+gnc_add_scheme_deprecated_module ("gnucash superseded-module" "gnucash utilities" "scm-scm" "")
diff --git a/libgnucash/scm/test/test-module-deprecation.scm b/libgnucash/scm/test/test-module-deprecation.scm
new file mode 100644
index 0000000000..a115a6f99e
--- /dev/null
+++ b/libgnucash/scm/test/test-module-deprecation.scm
@@ -0,0 +1,12 @@
+(use-modules (srfi srfi-64))
+(use-modules (tests srfi64-extras))
+
+(define (run-test)
+(test-runner-factory gnc:test-runner)
+(test-begin "test gnc-guile module deprecation")
+(test-read-eval-string "(use-modules (gnucash deprecated-module))")
+(test-end "test gnc-guile module deprecation")
+
+(test-begin "test gnc-guile module deprecation with replacement module")
+(test-read-eval-string "(begin (use-modules (gnucash superseded-module))(gnc:warn \"Successfully redirected to replacement module\"))")
+(test-end "test gnc-guile module deprecation with replacement module"))