I am having trouble with identifying the proper accounting treatment in Moneydance for a pension payment. I am an Australian and I am retired. In Australia we have Superannuation accounts which are like the US 401K pension system. For accounting treatment I treat my superannuation account as an investment account with a cash balance in Moneydance. Every two weeks the Superannuation Corporation makes a transfer of funds to my bank account. This amount is my two-weekly pension payment.

How I treat this in Moneydance is I have a two weekly reminder cash transfer from my Investment account to my bank account. This is a neat transaction from the perspective that the transaction decreases the Investment account balance and increases the Bank account balance. The problem is when I try to run Income and Expenditure reports. Because the transfers into the bank accounts are transfers and not in an income category these transactions aren't recorded and reported as income. How should I correctly record these payments so they are recorded as income but still decrease the investment balance and increase the bank balance?