10-30-2007, 05:10 PM
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 Re: Assigning Categories =?Utf-8?B?R3JlZ2dD?= <GreggC[at]discussions.microsoft.com> wrote on 30 Oct 2007 in group microsoft.public.money: - quote - > The other day I wanted to to view the report "Spending by category".
My guess would be that these are either:> When money switched to this report, at the top of the screen was the > statement, "You have 8 transactions, totaling $6300.00, that don't > have assigned categories. Assign categories". I selected "Assign > categories" and was directed to a page that listed the transactions > and gave me the opportunity to assign categories. There were 8 > items. All 8 were listed as "Account Adjustment" in my 401K > (Contributions) account. In the 401K (Contributions) account there > are 12 payment transactions, all look basically identical, except for > the amount. None of the 12 have categories assigned. All the > transactions seem to zero out the 401K (Contributions) account at the > end of each quarter, so I assume that the "Account Adjustment" > transaction is entered by the 401K Manager when I process the > quarterly statement. > So my questions are: > 1. Why, of the 12 transactions, are only 8 causing a problem with > assigned categories? > 2. What, if any, category should I assign for these transactions? 1. Wrap fees - A periodic fee the company charges to manage your account. This is supposed to be in lieu of commissions, but there are exceptions. Categorize this as an investment expense. 2. The purchase of securities with the money you've been investing. Here's how my 401(k) used to work (I'm now self-employed, so I don't have it any more): Cash from my paycheck was deposited every week into the Cash portion of my 401(k) in Money. Same with the employer match. The money accumulated. Every three months, the IRA manager used my cash to purchase securities. In Money, this is a purchase in the Securities portion of my 401(k) with money from the Cash portion. Now the Cash portion is back to zero. The management company didn't download these transactions properly, so I always had to fix them. These aren't categorized other than as a BUY. -- Steve B. New Life Home Improvement |
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#-1
10-30-2007, 03:52 PM
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| Assigning Categories The other day I wanted to to view the report "Spending by category". When money switched to this report, at the top of the screen was the statement, "You have 8 transactions, totaling $6300.00, that don't have assigned categories. Assign categories". I selected "Assign categories" and was directed to a page that listed the transactions and gave me the opportunity to assign categories. There were 8 items. All 8 were listed as "Account Adjustment" in my 401K (Contributions) account. In the 401K (Contributions) account there are 12 payment transactions, all look basically identical, except for the amount. None of the 12 have categories assigned. All the transactions seem to zero out the 401K (Contributions) account at the end of each quarter, so I assume that the "Account Adjustment" transaction is entered by the 401K Manager when I process the quarterly statement. So my questions are: 1. Why, of the 12 transactions, are only 8 causing a problem with assigned categories? 2. What, if any, category should I assign for these transactions? |
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