good to know and very unfortunate. thanks for your help.
take care, fred Just Soap The Pedal Powered Natural Soap And Now Solar Powered Too!! www.justsoap.com > On Mar 17, 2022, at 12:50 PM, <davidvernonl...@gmail.com> > <davidvernonl...@gmail.com> wrote: > > 2. Question about Assemblies (Frederick) > There is no inventory accounting in GnuCash, so if you need to hold parts in > inventory in numbers of units together with their cost per until, whether on > average cost or on FIFO basis, which then build assemblies, I cannot see how > this would be possible. > David > > -----Original Message----- > From: gnucash-user > <gnucash-user-bounces+davidvernonlong=gmail....@gnucash.org> On Behalf Of > gnucash-user-requ...@gnucash.org > Sent: Thursday, 17 March, 2022 4:00 PM > To: gnucash-user@gnucash.org > Subject: gnucash-user Digest, Vol 228, Issue 33 > > Send gnucash-user mailing list submissions to > gnucash-user@gnucash.org > > To subscribe or unsubscribe via the World Wide Web, visit > https://lists.gnucash.org/mailman/listinfo/gnucash-user > or, via email, send a message with subject or body 'help' to > gnucash-user-requ...@gnucash.org > > You can reach the person managing the list at > gnucash-user-ow...@gnucash.org > > When replying, please edit your Subject line so it is more specific than > "Re: Contents of gnucash-user digest..." > > > Today's Topics: > > 1. Re: IRA/401K income detection (Michael or Penny Novack) > > > ---------------------------------------------------------------------- > > Message: 1 > Date: Thu, 17 Mar 2022 10:29:14 -0400 > From: Michael or Penny Novack <stepbystepf...@comcast.net> > To: "D." <sunfis...@yahoo.com> > Cc: Gnucash Users <gnucash-user@gnucash.org> > Subject: Re: [GNC] IRA/401K income detection > Message-ID: <f9bc13aa-db83-5b07-66ec-1d27c22f9...@comcast.net> > Content-Type: text/plain; charset=UTF-8; format=flowed > > On 3/16/2022 8:49 PM, D. wrote: >> Michael, >> >> I think I get what you're saying. In my own case, I've taken to >> separating the pretax streams into their own income accounts, which >> seemingly addresses some of your points. >> >> But one of the big selling points of IRA/401Ks is that they earn money >> tax deferred (which I've also isolated into their own income >> accounts). How does Joe allocate the distributions-- or does it even >> matter? Each distribution is going to include a portion of deferred >> income and a portion of untaxed dividends (at least how I've captured >> the txns thus far). Is there a different way to manage those dividends? > > > If the contributions are all "pre-tax" then they are "deferred income" . > The "deferred income" account would have been used when you entered the > transaction for a contribution. > > What the account has earned is also all "deferred income". If you were > entering transactions to record the increase in value of your 401K, that > would have been the other side of the transaction. Note that it is "deferred > ordinary income? and not "deferred capital gains" > > If the 401k existed before you began with gnucash, the probable cause was > entering the starting balance using the "tool" (so other side "starting > equity"). It should have been "deferred income" << you could still use the > tool -- when you created "deferred income" (probably under > equity) with the same starting value that would have taken it out of > "starting equity". Understand? Yes "deferred income" is part of your equity > but it is different than your other equity because it has an attached tax > liability. > > Michael D Novack > > PS? --- Bears repeating, but a "manual" is not a "user guide". We really > should not be advising users about things like this. In other words, the > question isn't "how do I enter transactions related to a 401k" but "what > accounts, what transactions, would I be using when accounting for a 401k". > That's for a tax accountant to tell you, or you look it up. I am not legally > qualified to answer "tax accountant" sorts of questions. > > > > ------------------------------ > > Subject: Digest Footer > > _______________________________________________ > > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > > ------------------------------ > > End of gnucash-user Digest, Vol 228, Issue 33 > ********************************************* > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
