In microsoft.public.money, Shawn Hern wrote:

- quote -

The way you have been doing it and the transfers via the suspense
account are best IMHO. The method of using the same category as an
expense and income (and setting up reports to net-out the amounts)
are not as good for somebody who understands transfers.

- quote -

It's too bad your fourth quarter contributions were not in transit
for a couple of weeks. :-(

Cal,

Thanks for the quick reply. I'll try your recommendation of utilizing a
suspense (In transit) account for my first problem. I didn't know if there
was another way or category. As for the second, I'll have to play with it a
little bit more. It would be fair to count the few days as a reduction in
performance. There are just times when I get to caughtup in trying to get
everything perfect. It also wouldn't be as big of a deal if the market
wasn't acting so crazy these days.


"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Shawn Hern wrote:

- quote -

You can create a suspense account.
I have one I call In Transit, and I named it a "cash or other"
account. Change each of the downloaded transactions into transfer
to/from that account. That account will normally have a zero
balance except while funds are in transit.



- quote -

You could use the same process if you like. You could use the same
or a different suspense account. This one seems to not be such a
good idea. I would just make the transfer to the cash portion of
your 401K. If there are a few days where interest is not paid, why
would it not be fair to count that as reducing the apparent
performance of the 401k?

I've been a user of Money for about 4 years and have never tried using it for
tracking investments, tax planning, etc... until now. I specifically have
two quesitions:

1. I have a money market savings account at a different bank and frequently
transfer to and from this account. The only problem is that it takes about 3
days to transfer for one account to the other. For example a transfer from
my checking account will post on the third. It won't show up in the savings
account until the sixth or seventh. To date, I've been using a "Special"
transfer from one account to the other and not worrying about the date. I
would like to get the dates in both accounts to match the dates posted by the
banks but haven't figured out a good way to do it if it is even possible.
Should I not worrying about placing the transfers in a specific category and
just leave this blank? This problem also relates to my second question.
2. I have my paycheck setup as a deposit with all the taxes, insurance, and
401K information. My problem here is that there is a couple days delay
between when my paycheck is deposited to when my 401K account shows a
contribution. This is throwing off my whole 401K performance. Any thoughts
on this? Will I just have to manually enter the contribution information
into my 401K account and not take advantage of the before taxes tab on my
paycheck deposit?

Thanks.