![]() For employer-matched contributions, first record a "Transfer" transaction in your contributing account to move cash to the retirement account, and split the transaction to add your employer's contribution.Record "Buy" transactions in the retirement account with the funding type set to "Transfer." Enter the name of the account from which contributions are drawn in the category field.If you're not sure which securities your fund invests in, request statements from your financial institution to ensure you use the correct ticker symbols in iBank. Your fund may invest in a single mutual fund or a variety of different securities.As you contribute to the retirement fund, download or manually record transactions for each share purchase.Set up an account (using Direct Access or direct download if possible) that uses the "Investment" or "401k" account type (whichever you prefer).IRA's and other retirement accounts should be tracked in the same manner as brokerage accounts: Record this as a "Withdrawal" transaction in the CD account before transferring the remaining funds out. If you redeem the CD before maturity, you will likely have to pay a penalty.You may wish to hide the CD account once you have closed it. When the account matures and you withdraw your investment, record a "Transfer" transaction to move the balance of the account to another account.As interest accrues, download or manually record "Deposit" transactions and assign them to the "Interest Income" category (or another category, if you prefer).After account setup is complete, change the "Starting Balance" transaction to use the "Transfer" type, and enter the name of the account you used to purchase the CD in the category field.Set up an account (using Direct Access or direct download if possible) that uses the "Asset" account type.They typically pay higher interest rates than checking, savings, and money market accounts. Track a certificate of deposit (CD) accountĬD's, offered by many financial institutions, typically have a fixed term after which the investment may be withdrawn with interest. ![]() To see how much interest you have received during a specific period of time, create a "Category Detail" report and include the "Interest Income" category. ![]() When you receive interest payments, download or manually record "Deposit" transactions and assign them to the "Interest Income" category (or another category, if you prefer).When you make deposits and withdrawals, download or manually record "Transfer" transactions to record the cash moving between your other accounts and the money market account.Set up an account (using Direct Access or direct download if possible) that uses the "Money Market" account type.Money market accounts should be set up as follows: ![]() Money market funds should be tracked as securities within iBank investment accounts. The latter is a type of security that is often used to hold cash in a brokerage account before it is used to purchase other shares. The former is an account type offered by many financial institutions that is treated like cash, very similar to a savings account but typically with a higher interest rate. It is important to distinguish between money market accounts and money market funds. Investment How-To's How do I handle specific investment scenarios? Track a money market account ![]()
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