Retirement accounts 401(k) with negative cash balances

myqf

Paycheck has pretax funds taken out of paycheck and put into retirement accounts each month. These contributions are matched by the employer. Mutual funds are purchased with all the funds. The retirement accounts do not keep a cash balance.

I am using Business & Personal subscription in Sonoma without web or mobile connections. Retirement accounts are managed through empower, so the Quicken for Mac connection is a mess. The transactions were entered by importing qfx files that were downloaded.

Each buy transaction has positive investment amount, corresponding equal negative amount, and balance that is negative total of all the corresponding equal negative amounts, so it builds up over time. The left sidebar total for the accounts appear to be pretty close to what I suspect the total should be, except they are off by the negative total of all the corresponding equal negative amounts.

How can I fix what is present and handle the import and transactions going forward until empower and Quicken decide to play nicely with each other?

Thanks for your help.

myqf

I appreciate your helpful explanation.

I have investment transactions being tracked back to 2014, but I am only using Quicken for January 2023 forward. Thankfully, the employer match is vested, so I should be able to quickly account for the 2014 to 2022 401(k) transactions in the retirement account itself, then use the 2 step process that you outlined for January 2023 forward transactions.

Again, thanks!!