11-07-2004, 03:48 AM
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 Re: How to Handle Recording 401k Transactions You might find that newsreaders are a much better way to use the newsgroup than the web interface. Try news:msnews.microsoft.com/microsoft.public.money. "BrightGuy" <BrightGuy[at]discussions.microsoft.com> wrote in message news:63B0EE91-7927-4B2B-A620-EDCF1A7076AB[at]microsoft.com... - quote - > 1. When I get a paycheck, I record it into Money using the Paycheck > Deposit > form - where you line-item Before and After Tax Deductions. There is a > lump > sum deduction for my 401k account, which I list under before tax deduction > and record it as a transfer to 401k. > 2. "401k" is the name for an investment account I've set up in Money. > Therefore, this account shows a total of all my before tax contributions - > but does not show individual investments that have been made from those > deducted funds. Because of that, the investment account would not show my > true account value based on the investments. > 3. To solve the problem, I started downloading the investment > transactions > from the broker's website - importing them according to Money's guidelines > (QIF format). Unfortunately, my total value in Money doesn't match my > total > value on the broker's site... I'm pretty sure that I'm doubling up my > contributions by listing them as deductions on my paycheck, then > downloading > transactions from the broker. > HOW THE HECK am I supposed to be doing this? I appreciate any help anyone > can give me... I love Money but the investment portion is very > frustrating. |
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11-07-2004, 03:44 AM
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| How to Handle Recording 401k Transactions 1. When I get a paycheck, I record it into Money using the Paycheck Deposit form - where you line-item Before and After Tax Deductions. There is a lump sum deduction for my 401k account, which I list under before tax deduction and record it as a transfer to 401k. 2. "401k" is the name for an investment account I've set up in Money. Therefore, this account shows a total of all my before tax contributions - but does not show individual investments that have been made from those deducted funds. Because of that, the investment account would not show my true account value based on the investments. 3. To solve the problem, I started downloading the investment transactions from the broker's website - importing them according to Money's guidelines (QIF format). Unfortunately, my total value in Money doesn't match my total value on the broker's site... I'm pretty sure that I'm doubling up my contributions by listing them as deductions on my paycheck, then downloading transactions from the broker. HOW THE HECK am I supposed to be doing this? I appreciate any help anyone can give me... I love Money but the investment portion is very frustrating. |
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| 401k, handle, recording, transactions |
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