I appreciate the various input here; it has been educational, so I wanted
particularly to add my thanks.
On Tue, Jan 16, 2024 at 4:17 PM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> On 1/16/2024 1:42 PM, Adrien Monteleone wrote:
> > I'm thinking of a case where someone starts u
On 1/16/2024 1:42 PM, Adrien Monteleone wrote:
I'm thinking of a case where someone starts using GnuCash either at
the point they start taking disbursements or after. I'm about to help
a family member in that exact situation.
While Deferred Income wasn't tracked along the way, I'll set up the
I'm thinking of a case where someone starts using GnuCash either at the
point they start taking disbursements or after. I'm about to help a
family member in that exact situation.
While Deferred Income wasn't tracked along the way, I'll set up the
account with the present total as an opening ba
On 1/15/2024 9:47 PM, Jediator wrote:
I am not an accountant, so please excuse my ignorance. I was
wondering is it really necessary to create a separate deferred income
account when you could just do a transaction report on your IRA
account to see how much distribution you had in a year or a m
That is a good point... I just want to try to do things "properly", but as
you point out, in a practical sense, it (probably) doesn't matter. Plus,
it is helping my understanding and knowledge to grow, and I consider that a
good thing.
On Mon, Jan 15, 2024 at 8:49 PM Jediator wrote:
> I am not
I am not an accountant, so please excuse my ignorance. I was wondering
is it really necessary to create a separate deferred income account when
you could just do a transaction report on your IRA account to see how
much distribution you had in a year or a month? -- JC
On 1/15/24 5:33 PM, Mich
On 1/15/2024 4:02 PM, R Losey wrote:
Thank you; this is helpful.
I never really thought about recording Deferred Income previously
because the investment people track it and let me know what has been
taken out every year. But after the discussion in this list last
year, I thought it might be
Thank you; this is helpful.
I never really thought about recording Deferred Income previously because
the investment people track it and let me know what has been taken out
every year. But after the discussion in this list last year, I thought it
might be good to track, at least the taxable withd
Thank you; I'm pretty sure that I have the Deferred Income incorrectly
under "Income"; it's not marked taxable - it's just an account.
On Mon, Jan 15, 2024 at 1:08 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> I'm not familiar with the use case, but if you want income to 'go up'
Let me ask you a question (that should make it obvious what one* of your
problems is --- and yes, this has been discussed before)
HOW did you record this deferred income when it was received? Or since
it might have been received before you began using gnucash, how did you
enter the accumulated
I'm not familiar with the use case, but if you want income to 'go up'
that is, show you received it, then it should be a credit.
I'll hazard a guess that since you have a 'Taxable' account, which you
are supposed to show receipt of income, then that one should be a credit.
If the Deferred Inc
Last year, there was a discussion here about tracking taxable distributions
from IRAs which included a deferred income account. I had not been tracking
taxable income, and thought that this would be good, so I tried to do this
last year, but I think I did it incorrectly. I wanted to avail myself of
12 matches
Mail list logo
