Anyone know Microsoft Money?

[stacer]

I'm having trouble figuring out how to set up my 401k account within my Money program. I set up the account because of how I had to set up my withholdings on my paycheck, but now that I've figured out how to download the transactions from my 401k account, it seems to be doubling the entries. Help!

[The Bot]

Put in half of what you want?

[The Holy Saint, Grand High Poobah, Master of Monkeys, Ehlers]

Does it double the entries because it's working in the matching contribution from your employer?

Otherwise, the only thing I know about MS Money is it's a big joke because your money will soon be theirs.

[stacer]

I think it's doubling my contribution--the one that I mark as withheld from my paycheck. I put in my gross pay and have it keep track of withholdings. Perhaps I should undo that part, or at least unlink the withholdings. I started using Money because it was easier to understand than Quicken, but I've hit the wall.

[Maxwell]

the best thing to do is turn off the options that make it do things automatically, becuase it ussually does it too many time or just plain wrong. I personally tend to use it only for checking and reconciliation and i can't tell you how messed up peoples balances are when the bring up their accounts for me to do their taxes... it's an affront to the lord I tell... god created us jews to be accountants stop trying to play god with accounting programs!!! I'm just kidding...but seriously, turn off automation that ussually works for me.  also it might be doubling because it's adding contributions withheld from your paycheck and also matching another contribution with your paycheck.