http://m.getsatisfaction.com/topics/7793306 Setting up paycheck deductions to 401(k) 2018-09-16T19:47:42Z 2018-09-16T14:47:52Z 7793306 http://m.getsatisfaction.com/topics/7793306 7793306 Setting up paycheck deductions to 401(k) 2018-09-16T19:47:42Z 2018-09-16T14:47:52Z Nicholas Hunter http://m.getsatisfaction.com/people/3572749 https://graph.facebook.com/v2.0/10155578331652797/picture?type=normal nicholas_hnter Using Quicken 2017 Deluxe Version R17.4<br alt="" name="" rel="" target="" title="" type="" value="" />I need help handling paycheck deductions to 401(k).<br alt="" name="" rel="" target="" title="" type="" value="" />I set up my 401(k) account and downloaded all my transactions from my financial institution.&nbsp;<br alt="" name="" rel="" target="" title="" type="" value="" />I set up my paycheck with my&nbsp;401(k) deductions and employer contributions.<br alt="" name="" rel="" target="" title="" type="" value="" />Now in my 401(k) account, all the downloaded transactions (all BoughtX) are flagged as cleared and my payroll contributions (Xin) are flagged as uncleared and are accumulated as a cash balance.&nbsp;The total market value quicken is showing is the sum of the total market value&nbsp;my financial institution is showing plus the sum of my paycheck contributions.<br alt="" name="" rel="" target="" title="" type="" value="" />What do I need to do to reconcile this account?<br alt="" name="" rel="" target="" title="" type="" value="" />Thanks in advance.<br alt="" name="" rel="" target="" title="" type="" value="" /> question windows windows active 5 5 1 comment http://m.getsatisfaction.com/topics/7793306/replies/19759507 http://m.getsatisfaction.com/topics/7793306 19759507 Nicholas Hunter responded to "Setting up paycheck deductions to 401(k)" 2018-09-16T15:12:35Z 2018-09-16T15:12:35Z Nicholas Hunter http://m.getsatisfaction.com/people/3572749 https://graph.facebook.com/v2.0/10155578331652797/picture?type=normal nicholas_hnter It seems what I need to do is change a couple of hundred downloaded transactions' Action field from BoughtX to Bought. <br alt="" name="" rel="" target="" title="" type="" value="" />Is there a way to do this in bulk or am I going to have to update each individual transaction? <br alt="" name="" rel="" target="" title="" type="" value="" />Am I going to have to do this every time I download transactions? 0 http://m.getsatisfaction.com/topics/7793306/replies/19759673 http://m.getsatisfaction.com/topics/7793306/replies/19759507 19759673 NotACPA - QW HBRP 2018 responded to "Setting up paycheck deductions to 401(k)" 2018-09-16T18:28:26Z 2018-09-16T18:28:26Z NotACPA - QW HBRP 2018 http://m.getsatisfaction.com/people/8486064 https://d2r1vs3d9006ap.cloudfront.net/public/uploaded_images/10875899/original_medium.png notacpa_8wchoth4cq4gm <blockquote alt="" name="" rel="" target="" title="" type="" value="">Now in my 401(k) account, all the downloaded transactions (all BoughtX) </blockquote>Have you done CTRL-X on one of those transactions (after input into the register) to see what account it's transferring from?<br /><br />Is your 401k a "Single Mutual Fund" account?&nbsp; Because, otherwise, the transaction in your 401k account would be just an XIN ... and the downloaded transaction should be a Bought.<br alt="" name="" rel="" target="" title="" type="" value="" /> 0 http://m.getsatisfaction.com/topics/7793306/replies/19759696 http://m.getsatisfaction.com/topics/7793306/replies/19759507 19759696 Nicholas Hunter responded to "Setting up paycheck deductions to 401(k)" 2018-09-16T18:48:33Z 2018-09-16T18:48:33Z Nicholas Hunter http://m.getsatisfaction.com/people/3572749 https://graph.facebook.com/v2.0/10155578331652797/picture?type=normal nicholas_hnter Thanks for the reply.<br /><br />Here is an example of one of the downloaded transactions. The Action type is BoughtX. The "Use cash for this transaction" option is set to the same account.<br />When I switch the option to "From this account's cash balance", the action type changes to Bought.<br /><br /><img src="https://d2r1vs3d9006ap.cloudfront.net/s3_images/1752153/RackMultipart20180916-22589-myctlo-tempsnip_inline.png?1537123467" title="Image: https://d2r1vs3d9006ap.cloudfront.net/s3_images/1752153/RackMultipart20180916-22589-myctlo-tempsnip_inline.png?1537123467" /><br /><br />I'm not I understand what you mean by "Single Mutual Fund" account. My 401(k) consists of nearly 50 different funds. That's what would make updating each transaction type so laborious. 50 funds x twice a month x 3 months = 1 giant PITA, 0 http://m.getsatisfaction.com/topics/7793306/replies/19759724 http://m.getsatisfaction.com/topics/7793306/replies/19759507 19759724 fanfare responded to "Setting up paycheck deductions to 401(k)" 2018-09-16T19:14:34Z 2018-09-16T19:14:34Z fanfare http://m.getsatisfaction.com/people/3754124 https://www.gravatar.com/avatar/b56b2e12aa28297c5cb8c96cf783b799?d=identicon&s=55&r=PG fanfare If your 401k contribution is parceled into 50 different funds, you should consider a different strategy.&nbsp; Four or five at most should be adequate. The investment strategy of the various&nbsp; funds should be something you find satisfactory. 0 http://m.getsatisfaction.com/topics/7793306/replies/19759758 http://m.getsatisfaction.com/topics/7793306 19759758 markus1957 responded to "Setting up paycheck deductions to 401(k)" 2018-09-16T19:47:42Z 2018-09-16T19:47:42Z markus1957 http://m.getsatisfaction.com/people/8342825 https://d2r1vs3d9006ap.cloudfront.net/public/uploaded_images/10880020/100_1898_medium.jpg markus1957 Generally, Quicken will not (cannot) assign that internal transfer without an user specific interaction like a memorized investment transaction. If you dig into the OFX download you will see that it is not downloaded as an internal transfer. It will show a regular Buy. I suppose the Paycheck reminder could be corrupted, but that should not impact the Buy transaction.<br alt="" name="" rel="" target="" title="" type="" value="" /><br alt="" name="" rel="" target="" title="" type="" value="" />All I can say is that QW2017 did not operate like this in my working days. For now, all you can do is change the transactions one at a time to regular Buys using cash from the 401k as the source of funds. Then you need to pay attention each download to see if you can figure out what is happening. In Preferences turn off letting Quicken assign transfers without your approval and look for a memorized investment transaction (right click on one of the BoughtX transactions in the register) that might be changing the download to a BoughtX.<br alt="" name="" rel="" target="" title="" type="" value="" /> 0