Entering RRSP Transaction in GnuCash
Alice Lee
alee212007 at satx.rr.com
Mon Apr 13 17:22:13 EDT 2015
The investment income is not income until it is realized, which would be at
the time it is received. That would just be debit to the bank and a credit
to income after the deferred income account is zeroed. Establishing the
deferred income account just lets one keep track of how much the employer
has contributed during employment.
-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
Of Mike or Penny Novack
Sent: Monday, April 13, 2015 9:24 AM
To: gnucash-user at gnucash.org
Subject: Re: Entering RRSP Transaction in GnuCash
On 4/13/2015 9:34 AM, jfjunior wrote:
>
> Hi Alice, Thanks for the suggestion. I will create an account
> "deferred income" + move a few transactions and see how the reporting
> will change. I think this will be the way to go. :) Thanks again
Well you might as well look ahead
As time goes by, the contributions, either by yourself or your employer,
will be only a fraction of the total value of the fund. How do you plan to
treat the investment income the fund earns? (it is also tax deferred).
If the employer contributions are not immediately vested, how do you plan to
account for that as more and more becomes vested over time?
Michael
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