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Quicken Classic for Windows
Registers & Transactions (Windows)
401(k) Employer match goes to a different account
mtbdog
My employer sends my pre-tax deduction to one account, the employer match to another account.
In other words, Account A gets my contribution and Account B gets the match from my employer.
In the paycheck wizard only one 401(k) is allowed; i.e., 401(k) is grayed out if you try to add another pre-tax deduction.
I have to show the match going to Account A, then enter a transfer for the 2nd amount from A to B for each pay check. How can I have two 401(k) accounts so that one will show the non-taxable match?
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NotACPA
Don't record the match in your paycheck. Set it up as a separate transactions, directly into Account B with a category that shows that it's an Employer Match.
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