Paycheck with Roth 401K; was:Gnu Cash Question

[Dale Alspach]

If I understand your question, you do not want to use the 401k/Roth income
account for splitting your pay from your employer. The income is from your
employer so one side should be a credit to your employer income account.
The other side should be split debits to checking, Roth asset, etc.

More complicated splits on the income side may be necessary if you receive
both after tax and pre-tax income from your employer.

Dale

On Apr 21, 2017 8:42 AM, "Frank H. Ellenberger" <
frank.h.ellenberger at gmail.com> wrote:

> 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
>
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