Need help with tracking employer paid benefits

Using Quicken XG 2006. I have recently changed jobs and need advise on how to set up my paycheck and track employer paid benefits. There are 3 separate accounts which the company has set up for these benefits to go into. A. direct trading account- into which goes: 1. an after tax deduction from my paycheck(savings plan)- buys mutual funds of my choosing 2. an employer paid benefit- buys shares of the company B. RSP account- into which goes a before tax deduction into my RSP-buys mutual funds C. RPP account- into which goes a wholely employer paid benefit-buys mutual funds I have set up three different accounts for this money to go into. I've set up the paycheck for my basic deductions, but can't seem to set up all of these transactions from within the paycheck. It looks like I can only set up the RSP deduction(B) and the after tax savings plan(A-1) within the paycheck. I believe I will have to manually enter the employer paid benefit(A-2) and employer paid RPP benefit (C). I've tried setting up A-2 from within the paycheck, but quicken sometimes confuses which accounts the money should go in and screws up the transaction.

Feedback anyone?

Thanks

Reply to
fj
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fj said the following on 5/4/2007 8:18 PM:

I believe you're correct about not being able to include employer contributions in paycheck. Employer contributions don't show up on my pay stub either. I'm using Quicken 2005 Premier so it's possible later versions have added a feature to cover this sort of thing. Don

Reply to
Don in San Antonio

Don in San Antonio wrote in news:463dba11$0$27111$ snipped-for-privacy@roadrunner.com:

I get employer paid contributions to a TIAA-CREF plan. Haven't been able to figure out downloads from them, so I have a recurrent transaction that has to be edited biweekly to reflect then current prices. I set it up as an "add" transaction, which means (AFAIK) that it just gets added. There won't be an account the money comes from, and there are no tax consequences whatsoever, I think (I'm not yet withdrawing, and I'm over

59 1/2).
Reply to
Han

Han said the following on 5/6/2007 6:28 AM:

I'm also with TIAA-CREF and I've been able to download employer contributions into an account, but they always import as a buy transaction. I just change them to add transactions and press on.

Reply to
Don in San Antonio

Don in San Antonio wrote in news:463dc688$0$4665$ snipped-for-privacy@roadrunner.com:

How do you download from TIAA? I've looked on the website, but can't find how to. Apparently poor eyesight .

Reply to
Han

I don't know enough about XG or Canadian account types to be of much specific help.

But you are not required to use the Quicken Paycheck Wizard to setup your paycheck, in most cases, the old tried-and-true split transaction will do the trick.

Enter a transaction generated from the Paycheck Wizard form into a Quicken account, then run a Banking > Transaction report with splits displayed which includes that paycheck transaction, and see how the Paycheck Wizard sets up a Paycheck. Note the difference in handling of pre-tax and post-tax deductions, etc. Using that model, you should be able to expand on it and create your own Scheduled Transaction for your paycheck without using the wizard.

Alternatively, you can setup more than one "paycheck" for the same deposit transaction, using the Paycheck Wizard; sometimes that will get you past a Paycheck Wizard limitation. The only drawback I know of is that you will have to do a Manual Match if you download, to match a single downloaded paycheck transaction to two, or more, Quicken paycheck transactions.

Reply to
John Pollard

Han said the following on 5/6/2007 7:50 AM:

After you log onto TIAA-CREF click on the "Manage My Portfolio" tab then scroll down to the bottom of the page. In the left column is "Download Account Data to Quicken."

Reply to
Don in San Antonio

Don in San Antonio wrote in news:463e08cc$0$19412 $ snipped-for-privacy@roadrunner.com:

I found the download for my accounts. However, TIAA-CREF has a different view of how this should/could be done than I do. Even if I get a download into the proper account, it messes up previous entries, adds all kinds of placeholders, and generally confuses me to oblivion.

I may eventually just set up a new Quicken file for TIAA-Cref and download into accounts there, so I can really see what should be in each account. For now, I will keep track of recent transactions at the website and punch them into my main file as appropriate.

Good thing I do a backup after each of my sessions with Quicken so I could go back to earlier this morning and erase all the downloaded nonsense ...

Reply to
Han

Han said the following on 5/6/2007 12:10 PM:

Sorry :-( I should have warned you about downloads from TIAA-CREF. I thought about what might happen right after I pressed the send button. I think most people would agree that just typing in the transactions is easier, and much safer. TIAA-CREF is a great organization, but they have a ways to go with their web downloads. Glad you had a backup. I too had to do a restore from backups after trying a Corporate Acquisition to account for a mutual fund merger from TIAA-CREF. If it wasn't for the money, I'd move everything to Vanguard or USAA, both do an excellent job with Quicken downloads. :-)

Reply to
Don in San Antonio

If I understand - you want automatic entry each payday for your paycheck to distribute to the appropriate accounts not only what you are paid, but also what is sent straight to an account as an employer contribution.

What I do is set up a split transaction to cover the income items, and the distribution, of my paycheck. Then I add an uncategorized and tax-free income line item into the paycheck to reflect the employer contribution, then send it right out again in a line item to the correct investment account. Then I memorize, and schedule, the transaction.

Doug

fj wrote:

Reply to
Doug

Don in San Antonio wrote in news:463e6341$0$4668$ snipped-for-privacy@roadrunner.com:

I think that in the end returns is what counts, and the CREF stock fund has been good .

Reply to
Han

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