You can only have one "401(k), 403(b)..."line. If you receive a Company
Match you will need this. However the design of the Paycheck Wizard
only allows for a company match on this line - even if in your 401(k) if
not funded by Pre-Tax dollars.
I have currently have three lines and have had up to four in the past.
The trick is to use the "Other Pre-Tax Deduction" or "Other After-Tax
Deductions". When you select those, the description can be changed to
whatever you want.
So in the past, I had the following:
Before Tax Basic (relabeled from "Employee Contribution Transfer" from
selecting "401(k), 403(b)...") This line has a secondary entry of the
Before Tax Supplemental (relabeled from Other Pre-Tax Deduction"
After Tax Basic (relabeled from "Other After-Tax Deduction")
After Tax Supplemental (relabeled from "Other After-Tax Deduction")
Basically I make these descriptions match the wording on my paycheck.
You can control the mapping of the account. When I look at the 401(K)
Account (I my case all of these book to the same account) I end up with
five line items.
For the second match, you might want to try something like this category
_401(k)EmployerContribution (which for many people is an unused category
as an Earning) and add a second Deposit Account (for example "Company X
403(b)"). The key here is you "add more Earning" to the paycheck so it
need to offset it by going to your Investment Account as a Deposit.
BTW, I assume that the 401(k) and 403(b) accounts are kept separate in
I was able to do the above, but I have looked at it from a reporting
From: Art McClinton [mailto: firstname.lastname@example.org]
Posted At: Thursday, January 07, 2010 4:33 PM
Posted To: alt.comp.software.financial.quicken
Conversation: Setting up a complex Paycheck in Quicken
Subject: Setting up a complex Paycheck in Quicken
I apologize if this has been discussed before but I am a new Quicken
but very knowledgeable Money user. I decided to switch from using my
manually created scheduled transaction and set up the pay check
as a new scheduled transaction in Quicken. My employer's retirement does
seem to match the model used by Quicken (or at least I can not figure
how to implement using the Quicken Paycheck scheduling algorithm).
We have both a 401A and 403B plans which are funded by 4 separate
(2 of these are matched). I found as soon as I entered the first and the
associated match, that I was not allowed to enter any additional
account information. I then considered that perhaps I could sum the
deductions and matches but found that I could then not direct them to
appropriate account. It appears that I can only continue my previous
manually entered split scheduled transaction. Is their some way to
enter this using the tool?