![]() Aside from being more laborious, this seems inelegant as capital growth is obviously not actually income (and, more broadly, my pension fund is not cash). I use GnuCash for everything, but it just doesnt scale. But the lack of automation is terrible, and once you use a product with good bank feeds (like Xero), its really hard to go back. Set up the pension as an Asset or Cash account, record my and my employer's contributions to it as transactions, and record capital growth as an income item (and capital loss as an expense). GnuCash is great because its built around a rock-solid general ledger and can represent any reasonable double-entry transaction. It was initially aimed at developing capabilities similar to Intuit. This is the simplest way and probably what I will do, but the main drawback is that it doesn't let me keep track of the amount of my pension contributions over time. GnuCash is an accounting program that implements a double-entry bookkeeping system. When I record salary income, this will be net of pension contributions. short description is given, which explains what the report is intended to show and its primary purpose. The way I see it there are two ways to do this:Ĭreate a security called "Pension Fund", have a Mutual Fund account called "Pension" which consists of 1 "Pension Fund", and update the price of that security from time to time. The standard reports that are included in GnuCashare presented in this section. I don't strictly need to track the value of each individual component of the pension fund in GnuCash (though it would be nice if it was easy to do) just having the total value of the overall fund in GnuCash would be fine. So I'm trying to figure out the best way to represent it. The pension is invested in a number of funds selected by me, but they are not exchange-traded or quoted funds and I don't seem to be told how many units of each fund I own I am just told the current € value of my investment in each fund. ![]() ![]() I contribute regularly and my contributions are matched by my employer. So you need to keep track throughout the year of how much you have earned and what you have paid to. A tax table entry can be assigned to an invoice line or bill line. Beyond that, GnuCash can do reconciliation, scheduled transactions, budgeting, and so on. You need to make tax payments to the government quarterly. Sales Tax Tables can used to determine the tax for customer invoices (or vendor bills). ![]() I am trying to record my defined contribution pension in GnuCash. Happily, the need to print checks is falling even in the US, but one does still need to do it on occasion. ![]()
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