account type for pension plan

[Terry Boon]

On 14 October 2001, Michael P. Soulier <michael.soulier@home.com> wrote:
 
> Hey people.
> 
> What would the appropriate type of account be for a pension
> plan? There are no stocks involved that I know of.=20

If it's straightforward (no price lookups etc), I would probably use a
plain Asset account.  When you pay money into the plan:

Dr Pension Plan (asset)
   Cr Cash

If you get statements telling you how the plan is performing, then you
can adjust the pension plan accordingly, something like:

Dr Pension Plan (asset)
   Cr Cash

-- 
Terry Boon, Hertfordshire, UK
terry@counterfactual.org