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Need help with tracking employer paid benefits

 

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Subject Author Date
Need help with tracking employer paid benefits fj 05-04-2007
Posted by Doug on May 6, 2007, 7:57 pm
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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:
> Using Quicken XG 2006.
> 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.
> Thanks
>
>
>


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