Hi, I am starting my second year in GNUCash. I think I may have set up my RRSP's (I think in the US they are 401K's) incorrrectly. I have them as Asset accounts under Current Assets. At first it seemed ok but now as I am getting closer to starting to withdraw funds rather than deposit them I am not sure how it would work. My RRSP has no employer contributions, just what I contribute each year plus interest.
I read some things in the archives about this and now think that the better approach would be to remove the RRSP accounts from my GNUCash file and start another one just for the RRSP's. Then my RRSP contributions would be an expense similar to my contributions to my pension plan. I could track the progress of the RRSP's in my RRRSP GNUCash file. When I start withdrawing funds from my RRSP (actually I think it would be converted to a RIF then) I could show it as income in my main GNUCash file. I thought I would check here before doing anything to make sure I am not creating additional problems. Does anyone have further insight on this question? TIA, Larry _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
