Which Cash Flow sub-report would show the employee and employer match for qualified accounts?

Which Cash Flow sub-report would show the employee and employer match for qualified accounts?

• A. Cash Flow Summary
• B. Savings Report
• C. Income Detail
• D. Withdrawals Report

Answer: (B)

The focus here is on tracking how much is being added to savings accounts, including the match from your employer for qualified plans. The Savings Report is the one that specifically shows savings activity, including both your contributions and any employer matching contributions. This gives a complete view of how the account is growing from savings, not just from earnings or withdrawals. The other reports don’t fit this need. A Cash Flow Summary gives a broad snapshot of overall cash in and out without detailing retirement-savings activity. The Income Detail report centers on earnings, not contributions to savings vehicles. The Withdrawals Report tracks money leaving accounts, not additions through contributions or matches. For example, if you contribute $5,000 and your employer matches $3,000, the Savings Report would display both amounts as part of the savings activity, illustrating the total growth from contributions to that qualified account.

The focus here is on tracking how much is being added to savings accounts, including the match from your employer for qualified plans. The Savings Report is the one that specifically shows savings activity, including both your contributions and any employer matching contributions. This gives a complete view of how the account is growing from savings, not just from earnings or withdrawals.

The other reports don’t fit this need. A Cash Flow Summary gives a broad snapshot of overall cash in and out without detailing retirement-savings activity. The Income Detail report centers on earnings, not contributions to savings vehicles. The Withdrawals Report tracks money leaving accounts, not additions through contributions or matches.

For example, if you contribute $5,000 and your employer matches $3,000, the Savings Report would display both amounts as part of the savings activity, illustrating the total growth from contributions to that qualified account.