Paycheck with Roth 401K; was:Gnu Cash Question

[Frank H. Ellenberger]

Hi Steve,

Because I am living in a country where Roth 401K is unknown, I forward
your question to the gnucash user mailing list.

You should probably subscribe at
https://lists.gnucash.org/mailman/listinfo/gnucash-user to get all answers.

Regards
Frank

Am 21.04.2017 um 13:24 schrieb Steven Purdy:
> Mr. Ellenberger,
> 
> I am a Gnucash newbee with no formal education on accounting
> principles.  I'm hoping you can give me some guidence:
> 
> I am presently creating transactions in the checking account file going
> back to the first of the year.  In creating a split transaction for my
> weekly paycheck, I followed the example provided in your Help/Getting
> Started documentation.  But I am hung up on how to split my Roth 401K
> contribution.  I created an account called income:Roth 401K, and I
> created a split in the proper amount and listed it in the deposit column
> immediately below all of the tax and insurance deductions. With this
> method, the split transaction balances to the gross paycheck amount. but
> my  total gross income is under reported by the amount of the Roth
> 401K.  If I move the Roth 401K amount to the withdrawal column, I create
> an unbalanced condition against the gross paycheck amount.
> 
> What do I need to do to correct this?  Thanks in advance for your support.
> 
> Regards,
> 
> Steve Purdy