401(k) Accounts

[Daniel Hannum]

My 401k has a website where you can view prior transactions. So each
time I get a paycheck, I go to the site and pick out the exact dollar
amounts, and prices at which I bought shares. In the process, I also get
current prices which adjusts the value of previously purchases shares.
Works well.

Don't know if other programs are similar.

On Fri, 2003-10-03 at 09:25, Bobby Goins wrote:
> All,
> 
> How does one deal with 401(k) investment accounts in gnucash?  I have 
> not found anything in the docs that address this issue.
> 
> With 401(k) accounts, you do not know the price of the stocks / mutual 
> funds purchased, only the number of purchased shares of each and the 
> cash withdrawal amount to cover the purchases.  
> 
> Statements from a 401(k) manager usually are prepared quarterly, so 
> finding a historical price for each stock / mutual fund at the time of 
> purchase would be difficult, if not impossible.
> 
> One can just add a quantity of shares with a value at the end of the 
> quarter, as MS Money does it.  To me, this appears to be a questionable 
> practice to "make it work".
> 
> For the cash withdrawals, MS Money reflects the sell of the cash, but 
> sends them to "never-never land" with no payee and no category.  In the 
> spirit of dual-entry accounting, how would one reflect this in gnucash?
> 
> Please let me know.  This is the only issue keeping me from completely 
> moving to gnucash.
> 
> 
> Thanks,  
> 
> Bob  
> 
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