Quicken Question

[Angio333]

I am breaking out my Quicken 2009....I never ended up using it. I know how to get my bank information, but my 457 plan (deferred comp) and my state pension plan (PERS) does not make our accounts available to download into Quicken.

Is there a way to manually enter the amounts evey week/month/etc into Quicken?

Thanks.

[snafu]

A lot of people use Quicken to track expenses and therefore manually enter their pay slip data. It's usually the same figures so the data comes up after a couple of keystrokes.
I've always run totals for all deductions like SS, retirement likely similar to your 457.

I had to buy 2011 version as my 2008 would no longer automatically download from financial institutions.

[MonkeyMama]

Yes - you can choose to set up accounts without downloads. You just put a beginning balance and can adjust the balance how you want.

You can set up an income account to report retirement income/loss.

If you have the information, you can manually enter any investment transactions.

Another way is just to do a "balance adjustment" to the balance. I don't have Quicken with me at the moment so I'd have to refresh my memory on how I treated my work retirement plan (I had no control over it but knowing the balance). Since I don't particularly track retirement accounts beyond the current value, I just updated the value annually, myself. Either through a "balance adjustment" or by posting every fluctuation to some sort of income account.

[Angio333]

Thanks everyone

[MonkeyMama]

Okay - I checked my Quicken.

1 - Say you set up an account called "Pension." You can just adjust the balance (expense or deposit) & choose the category "Pension." If all you care about is the value of the pension at any point in time, this is the way to go. I use this method to value my house.

2 - For my profit sharing plan - I had actually created an account called "profit sharing" and an income category called "profit sharing earnings." Then I just put any increase or decrease in the plan to that earnings account.

So, these are 2 methods to a similar end. Well, this would be very basic tracking. As mentioned, you can manually enter as much detail as you want.