[moneydance] 401k Employer matching

[Jack Frillman]

That is the way I do it.
Another benefit of doing it that way is that it is eaiser to subtract 
the company match
should you leave the company before you are vested.

Andy Pastuszak wrote:

> 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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