[GNC] Rollover IRA and brokerage account
Tom Balazs
tom123online at gmail.com
Mon Jan 29 15:34:35 EST 2024
I want to add accounts to my chart of accounts.
I need to add a Rollover IRA (which is a cash account).
And I need to add a Trust, which is a brokerage account (the financial
institution calls it a Resource Management Account)
On the institution's website I can see that it contains mutual funds,
corporate notes and bonds, and a "cash money fund".
How do I add that into my chart of accounts?
Would the rollover IRA go under "Current Assets" and just be an account
like a checking account?
In my COA I see
Investments: Brokerage Account
- Bond
- Market Index
- Mutual Fund
- Stock
Would those accounts be the place to put the mutual funds, corporate notes
and bonds, and the "cash money fund".
I will be selling assets and I need to track what is sold, at what price,
taxes paid, and fees paid.
Thanks,
Tom
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