My 401(k) cash account is going negative. How do I enter employer contributions?
A7): There are several ways to accomplish this. Which one to choose depends on whether you want to track the cash as it is associated with your paycheck or not. Probably the easiest way is to schedule a deposit to your 401(k) contributions/cash account in the Bills & Deposits section, the amount and date of which correspond to the match. Use an income category setup to be excluded from tax reports like “Gross Pay:Employer Matching,” so these funds aren’t factored in to tax reports and Tax Planner calculations. The disadvantage to this method is that it decouples the match money from your paychecks which, depending on your plan, may cause problems for things like matching money associated with overtime income. The more elaborate way that gets the contributions tied to your paycheck–assuming that your plan matches on a pay period basis–but doesn’t hose up the Tax Planner is to enter an income entry on the After Taxes tab (use a negative number–trust me on this) against the “Gross Pay:
