This has absolutely nothing to do with using GnuCash itself, but rather what accounts/structure I should be using, so you are perfectly free to tell me this is the wrong place....
I have a 401(k) at Fidelity, and periodically an administrative fee or bookkeeping fee is taken from the accounts. The funds for the fees are raised by selling off microscopic amounts of the mutual funds the 401(k) is invested in. I do understand that those sales are not considered "disbursements" by the IRS, so no tax implications there. Also, the cash that is raised by the sales I record as an expense, just to keep track of it. The really fun part comes when I scrub the accounts and the "Orphaned Gains" are generated, which seem to represent the "realized gains/loss" of the microscopic amount of mutual funds that were sold. What the heck do I do with them? They are not cash income in the sense that I would think of it, but they don't seem to be equity, either. And, if that seems easy to you (it isn't to me), every so often Fidelity will take some microscopic amount of cash from one of the 401(k) accounts, but not sell any of the mutual fund to cover the expense. (we're talking amounts up to $0.05). Fidelity seems to have conjured the cash out of nothing, but I still would like to record it: the expense account to use seems pretty obvious to me, but what "income" account should I use? "Magic"? -- Clint (JOATMON) Chaplin _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: 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.
