I use Quicken Premiere subscription, always updated.
I just noticed an issue with the paycheck function. In Quicken, I
configured my paycheck to include a pre-tax deduction named Employee
Contribution Transfer. This is a cash transfer to my 401(k) account.
So far, so good. But in the register for the 401(k) account, the memo
field of the transfer transaction is always "Employer Match Contribution".
If I try to change this, Quicken complains and eventually tells me to
go to the transfer account and make modifications there.
This might just be a cosmetic annoyance, but I am concerned that Quicken
is really classifying this transfer as an employer contribution.
- posted 8 months ago