Track employer contributions to a retirement account
Money can track employer contributions to your 401(k) or other retirement account by transferring the contribution amount to your retirement account whenever you record a paycheck.

To track your employer contributions, set up a retirement account, and then set up Money to track your paycheck, including deductions. It's easier to do this if you have a recent paystub handy.

Note: To perform this advanced task, you must be using the Advanced Account Register and Advanced Bills.

To learn more, see the related topics below.

To start tracking paycheck deductions:

  1. If you haven't yet done so, set up a retirement account.
    2. In the left pane, under Common tasks, click Add a new account.
    3. Click Retirement, and then click Next.
    4. Follow the instructions on the screen.
  2. At the top of the page, click Bills.
  3. Click New, and then click Paycheck.
  4. Follow the instructions in the New Paycheck Wizard using the following guidelines:
    • When asked if you want to keep track of your deductions, click Yes.
    • When asked if your paycheck includes contributions to a retirement account, click Yes.
    • When asked if your paycheck includes contributions to a savings (or cash) account, click Yes, and then choose the cash account that is associated with your retirement account.
    • To categorize the employer contribution amount, choose Wages & Salary as the category, and Employer Matching as the subcategory.

Notes