Tracking a 401(k) loan in Quicken Classic for Mac

What are the best practices for tracking a 401(k) loan in Quicken Classic for Mac? Here are a few details–
-Loan payments will be deducted from my paycheck on the 15th and last day of each month.
-I allocate/split my paycheck in Quicken to track taxes, insurance, transfers to 401(K), etc.
-I want to seamlessly track payments (including principal and interest) as well as the loan balance, including details such as loan establishment fees, quarterly maintenance fees, etc.
-I use Quicken to track my 401(k) account (Fidelity NetBenefits)
Comments
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Hello @J. Holmes,
Based on your description, it sounds like the way the customer in this earlier post set up theirs would work for you:
You can create offline Asset and Liability accounts by going to Accounts>Add Account, selecting the option to add an offline account (at the bottom of the Add Account window), then selecting the kind of account you wish to create.
I hope this helps!
Quicken Kristina
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Thanks @Quicken Kristina.
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Thank you for the follow-up,
I'm happy to help!
If you need further assistance, please feel free to reach out!
Quicken Kristina
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