ADP 401k QFX Download doesn't contain contributions
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cliffhelsel1
Member ✭
I'm able to download my 401k purchases from ADP Retirement Services, but the cash contributions are not part of the download and when importing into Quicken I'm showing a negative cash balance.
I know there's a way to manually add cash transactions but this is kind of a pain for each paycheck, especially retroactively. Is there anyway to just show the asset position value or have the contributions included automatically so that gains/losses can be calculated?
I know there's a way to manually add cash transactions but this is kind of a pain for each paycheck, especially retroactively. Is there anyway to just show the asset position value or have the contributions included automatically so that gains/losses can be calculated?
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401ks typically don't show the contributions-you have to manually show the inflow of cash (be it your contribution or employer) to reflect what covers the resulting Buys.
Most of us setup our paycheck as a split transaction for showing gross pay, less all the various deductions to give your net pay amount. Your 401k contributions would be a transfer from that split over to your ADP 401k account. Set it up as a scheduled transaction.
This might be sound like a bit of work, but once you take the time to do it, you will be glad you did.0
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401ks typically don't show the contributions-you have to manually show the inflow of cash (be it your contribution or employer) to reflect what covers the resulting Buys.
Most of us setup our paycheck as a split transaction for showing gross pay, less all the various deductions to give your net pay amount. Your 401k contributions would be a transfer from that split over to your ADP 401k account. Set it up as a scheduled transaction.
This might be sound like a bit of work, but once you take the time to do it, you will be glad you did.0
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