Categorizing interest and dividend payments in investment accounts that are reinvested

How should I categorize interest and dividend payments in investment accounts where those payments are automatically used to purchase new funds? If I only care about the balance in investment accounts, should I categorize them as investment transfers?

For interest payments in savings and other banking accounts, I am assuming these should be categorized as income?

Yes, yes. When you say investment accounts, I assume you mean retirement accounts. If they are taxable accounts, then you will want to record as income.

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