Reactions
-
Advice on 401K and Paycheck setup
I apologize if this has been asked, I didn't find a match that made sense to me. I have a paycheck setup with corresponding checking and 401K accounts. The weekly deductions for my 401K and the emplo…1 -
Re: Advice on 401K and Paycheck setup
I wanted to add a link to another thread post that I think answers my original 'problem' better than what we wound up arriving at here. I tried following this process again for a two week 'reconcilia…1 -
Re: Can a Paycheck Deduction go straight to a liability account
Wanted to confirm @mshiggins approach. It does look like you can do a direct to liability from the Paycheck tool if you don't take the guided approach for the FSA liability. Instead of using the &quo…2 -
Re: Can a Paycheck Deduction go straight to a liability account
Thanks everyone for your responses :smile: I'm not very strong on the what's a credit and what's a debit, but I did want to confirm that what I was after aligned with @Boatnmaniac described. I'll hav…1 -
Re: Can a Paycheck Deduction go straight to a liability account
I do have an asset account for the FSA. I am using the Liability account to fully fund the asset account at the beginning of the year, so that I can spend it down the asset through the year. The inte…3
