Wrong split names for 401(k) match generated by Paycheck Wizard
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In split transactions created using the Paycheck Wizard, the "Employer Match Contribution" and "Employer Match Transfer" memo lines are backwards. See attached example (using data entered from [1]).
First, notice that the "Employee Contribution Transfer" is a transfer to the 401(k) account. This is correct.
Now, the "Employer Match Transfer" should likewise be a transfer to the 401(k) account. It should be offset by the "Employer Match Contribution" (categorized as "_401EmployerContrib"). While the entries are there, those names are swapped.
Please fix the Paycheck Wizard in an upcoming release of Quicken.
[1] https://fa.financialavenue.org/pdfs/EM_PayStub_PDF.pdf
First, notice that the "Employee Contribution Transfer" is a transfer to the 401(k) account. This is correct.
Now, the "Employer Match Transfer" should likewise be a transfer to the 401(k) account. It should be offset by the "Employer Match Contribution" (categorized as "_401EmployerContrib"). While the entries are there, those names are swapped.
Please fix the Paycheck Wizard in an upcoming release of Quicken.
[1] https://fa.financialavenue.org/pdfs/EM_PayStub_PDF.pdf
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Comments
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What version are you running?
Quicken user since Q1999. Currently using QW2017.
Questions? Check out the Quicken Windows FAQ list0 -
Quicken Deluxe version R47.11 build 27.1.47.11
This is not new though. See these past screenshots from other threads, showing this issue:
https://community.quicken.com/discussion/comment/20137949/#Comment_20137949
https://community.quicken.com/discussion/comment/20180234/#Comment_20180234
https://community.quicken.com/discussion/comment/20289352/#Comment_20289352
It just seems no one ever noticed this.0 -
@mshiggins What needs to happen in order to move this along?0
This discussion has been closed.