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Old 01-07-2006, 09:30 PM
Tom
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Default RE: 401k contribution file balance

Thanks for the great ideas. I'll give them a try.
Tom

"Tom" wrote:

- quote -

> Ever since I upgraded to Money 2006 Deluxe from Money 2003. My 401k
> contributions are overdrawn each week after on-line updating, by $56.46. This
> amount is my employer before tax match to one of my funds. This match is not
> reflected on my paycheck. So changing my pretax deduction on my paycheck
> changes my totals. The fund totals are correct each week. What am I missing,
> I think I looked at everything? This week I had to make an extra deposit of
> $56.46 into my 401k contribution list to balance the file to $0.00

  #1  
Old 01-07-2006, 05:12 PM
Chris Cowles
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Default Re: 401k contribution file balance

"H Gohel" <gohel[at]babbage.csee.usf.eduXXX> wrote in message
news:uBGs2Z6EGHA.516[at]TK2MSFTNGP15.phx.gbl...
- quote -

> Because this is amount not part of the paycheck, a separate recurring
> deposit of $56.46 on the same day as your paycheck needs to be added to
> your scheduled bills & deposits. There is already any income category for
> this, so Money will categorize it properly.


The same can be accomplished, and more tightly associated with your salary,
but adding both an income entry and a transfer out entry to the after-tax
tab on your paycheck. The income entry should be categorized as 'employer
matching' or something similar, and is negative. The transfer out portion
should go to the cash account for target 401k, and is positive.

The effect on the paycheck is neutral, it captures the matching income, and
creates a deposit in the 401k.
--
Chris Cowles
Gainesville, FL



 
Old 01-07-2006, 03:21 PM
H Gohel
Guest
 
Posts: n/a
Default Re: 401k contribution file balance

Tom wrote:
- quote -

> Ever since I upgraded to Money 2006 Deluxe from Money 2003. My 401k
> contributions are overdrawn each week after on-line updating, by
> $56.46. This amount is my employer before tax match to one of my
> funds. This match is not reflected on my paycheck. So changing my
> pretax deduction on my paycheck changes my totals. The fund totals
> are correct each week. What am I missing, I think I looked at
> everything? This week I had to make an extra deposit of $56.46 into
> my 401k contribution list to balance the file to $0.00


Because this is amount not part of the paycheck, a separate recurring
deposit of $56.46 on the same day as your paycheck needs to be added to
your scheduled bills & deposits. There is already any income category
for this, so Money will categorize it properly.

--
Himanshu
  #-1  
Old 01-07-2006, 02:41 PM
Tom
Guest
 
Posts: n/a
Default 401k contribution file balance

Ever since I upgraded to Money 2006 Deluxe from Money 2003. My 401k
contributions are overdrawn each week after on-line updating, by $56.46. This
amount is my employer before tax match to one of my funds. This match is not
reflected on my paycheck. So changing my pretax deduction on my paycheck
changes my totals. The fund totals are correct each week. What am I missing,
I think I looked at everything? This week I had to make an extra deposit of
$56.46 into my 401k contribution list to balance the file to $0.00
 

Tags
401k, balance, contribution, file
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