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| Wages & Salary:Employer Contribution would be fine. The secret is to set the tax line assignments appropriately. What you call it for cat:subcat is whatever works for you. "H Gohel" <gohel[at]babbage.csee.usf.eduXXX> wrote in message news:%23l0wKyNuFHA.3548[at]tk2msftngp13.phx.gbl... - quote - > I'm using Money 2004 Deluxe, and "Gross Pay" isn't a category, but "Wages > & Salary" is. I know I can add a new category & subcategory, but I'm > wondering if I should add "Wages & Salary:Employer Contribution" and > categorize it as an "Employer Matching"? Or is the UFAQ implying that I > should create a new category called Gross Pay to avoid putting it into the > same category as Wages & Salary? |
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#-1
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| My company: (a) matches a portion of my 401(k) contributions, and (b) makes a fixed contribution every quarter. For (a) I plan to use the M04 provided "Wages & Salary:Employer matching" category and enter the amount from my paycheck. I'm trying to figure out how to handle (b), which does now show up on the paycheck, but only the 401(k) custodian's quarterly statements. The UFAQ <http://umpmfaq.info/faqdb.php?q=14> says, "Use an income category setup to be excluded from tax reports like "Gross Pay:Employer Matching," so these funds aren't factored in to tax reports and Tax Planner calculations." I'm using Money 2004 Deluxe, and "Gross Pay" isn't a category, but "Wages & Salary" is. I know I can add a new category & subcategory, but I'm wondering if I should add "Wages & Salary:Employer Contribution" and categorize it as an "Employer Matching"? Or is the UFAQ implying that I should create a new category called Gross Pay to avoid putting it into the same category as Wages & Salary? Thanks -- Himanshu |
| Tags |
| 401k, contirubtion, employer, entry, faq |
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