Im trying to find out how some of you have setup adding your employers 401k contribution onto quicken? Ive already setup an 401k account on quicken but not sure on how to input my employers contribution properly. Any help would be greatly appreciated.
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Quicken 2005 401k Employer Contribution
#3
Posted 25 January 2007 - 04:06 PM
Here's how I do it.
1. I find out how much money my employer has contributed to my account. It's easy since they do the matching 4 times a year as opposed to every paycheck.
2. I input that amount of money into my 410k account and tag the memo as "Company Match".
3. Then, I set up a Buy transaction for each of the funds that get bought with match money. I also put "Company Match" in the memo of these transactions.
By doing it this way, I can set up a report to looking for all transactions with "Company Match" in the memo and VIOLA!
1. I find out how much money my employer has contributed to my account. It's easy since they do the matching 4 times a year as opposed to every paycheck.
2. I input that amount of money into my 410k account and tag the memo as "Company Match".
3. Then, I set up a Buy transaction for each of the funds that get bought with match money. I also put "Company Match" in the memo of these transactions.
By doing it this way, I can set up a report to looking for all transactions with "Company Match" in the memo and VIOLA!
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