Adding Employer 401K Contributions

MBaron

Using Windows Quicken Classic R65.29

How do you enter 401K employer contributions from your paycheck. I want to just track the employer contributions to verify against my 401K account manually. I just want to be able to use reports for this without having to manually caluculate as employer does not contribute at the same time each month. I don't want to track the 401K account at this time as it will never matchup since their contribution deposit are not on a fixed schedule. Is there a way to add it to my paycheck where it won't change my net income on my paycheck?

Jim_Harman

Quicken's Paycheck Wizard handles employer contributions automatically. To set up your paycheck using the wizard, go to the Planning tab and in the Tax Center, click on Add Paycheck.

MBaron

@Jim_Harman I have done that I can not find a category for 401K Employer Contribution without it wanting me to set up the 401K as an account. I can't do that even as an offline account as the employer doesn't make their contribution based on a weekly amount so I would never be able to reconcile the account. Or setup a category that won't deduct the amount from my net income. So any idea how to set it up?

mshiggins

I use a cash type account to record notes for events or transactions that do not belong to a real world account.

For your 401(k) case, you can make the payee and category something like 401(k) Contribution Reminder and Misc. Then note the dollar amount in the Memo field. Or record the amount as a deposit.