Bonus Paycheck and Employer Match

tamboril

I remember from last year that I cannot enter an unscheduled paycheck, which my annual bonus paycheck is. So I enter it as a regular transaction and enter all the splits. The problem is that the employer contribution cannot be entered as a split.

So I go to my 401(k) account and try to enter the employer match amount as an Xin. But it won't let me do this without a Transfer Account. I am not transferring the employer match _from_ any account. How do I get it into my 401(k) account just as if I'd entered an unscheduled Paycheck?

Sherlock

The employer contribution may be entered in the split transaction.  To view how Quicken does it, I suggest you examine a regular paycheck as a split: select a paycheck transaction and press Ctrl+  Shift + S

Another approach is to copy and paste a paycheck transaction.  Before editing the pasted transaction, correct the date and save the transaction. 

tamboril

Wow. I thought I had been doing that first part by clicking on the checkmark to show the split, but it would just jump to the Paycheck popup. But Ctrl+Shift+s revealed the magic: there are two entries: a negative amount categorized as a transfer to my 401(k) account, and a positive amount with a "magic" category of "_401EmployerContrib" and Memo of "Employer Match Transfer".

Thanks. That was a great suggestion.

Sherlock

The employer contribution may be entered in the split transaction.  To view how Quicken does it, I suggest you examine a regular paycheck as a split: select a paycheck transaction and press Ctrl+  Shift + S

Another approach is to copy and paste a paycheck transaction.  Before editing the pasted transaction, correct the date and save the transaction. 

tamboril

Wow. I thought I had been doing that first part by clicking on the checkmark to show the split, but it would just jump to the Paycheck popup. But Ctrl+Shift+s revealed the magic: there are two entries: a negative amount categorized as a transfer to my 401(k) account, and a positive amount with a "magic" category of "_401EmployerContrib" and Memo of "Employer Match Transfer".

Thanks. That was a great suggestion.