paycheck question

[FireFly]

--- On Fri, 1/29/10, Jeffrey Schneider <jeschne at me.com> wrote:

> Subject: paycheck question
> Hi,
> I am really enjoying gnucash, thanks.
> I am using a standard household file.
> When entering a paycheck with all the deductions,
> where do I place a deduction for my retirement
> contributions?


Probably depends what country you are resident in and how the retirement account/contributions are handled.

For the US (where I live) I have a 401k Cash account under Assets, and I move money from my pay-check into the 401k Cash account, from there I use that money to buy stocks/mutual funds/whatevers that are available to me in my 401k plan.

Overall I'd say it's something similar anywhere, just depends how much knowledge/control you have over the retirement accounts, as to how much you can do with it once you move it into the equivalent of the 401k Cash account.

- James Duerr

E-mail: FireFlys_98 at yahoo.com
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