[moneydance] 401k Employer matching

[Andy Pastuszak]

Here's what I did:

I created an income account called Employer Matching 401K 
Contribution(Double Entry, money has to come from somewhere).

I have 3 different scheduled transactions that happen at payday:  The 
breakdown of my paycheck gets entered in my checking account, money gets 
deposited into the Employer Matching 401K account according to what my 
pay stub says, and then the same money gets transferred to my 401K 
account, which I have set up as an investment account.

So every payday, my 401K gets 2 deposits.  One from my paycheck and one 
from the match.

Hope that's not too confusing.

It's beginning to sound to me like we need some kind of paycheck wizard 
to help deal with this.

I'd love to hear what the more financially astute users of MD think of 
my method of doing things.

Andy

Clark Reynolds wrote:

> OK, what's the best way to handle an Employer's matching 401k contributions? 
> For that matter, how do most of you handle your own 401k contributions?  Do you
> somehow enter your entire (ie gross) paycheck and then separate that out into
> everything - taxes, 401k, etc?  Or, do you just enter the net paycheck amount
> and do something else for 401k?
> 
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