How to record FSA, 401(k) match, income tax refund

[Robert Ramsdell]

I do the 401(k) match and Flex spending accounts as you describe.

For the tax refunds, I have two accounts: Expenses\Tax\Federal (state,
etc) and Assets\Current Assets\Tax refunds.  When I know the refund
amount I make a transfer _from_ the expense account to the asset account
dated Dec 31st, then when the refund actually arrives make a transfer
from the asset account to the appropriate bank account.  If I owe money
the transfers go the other way.  This way the total of the expenses\tax
\... accounts work out for the year.

Robert


On Sun, 2008-03-30 at 19:45 -0400, Geoff Catlin wrote:
> Hi,
> 
> What's the proper way (i.e. what accounts are needed) to record 
> transactions involving:
> 
>   * 401(k) employer matching (Income:Employer 401(k) match?)
>   * Income tax refunds? (Income:Tax Refund?)
>   * Flexible Spending Accounts (Assets:FSA?)
> 
> Thanks,
> 
> -Geoff
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