Assigning Categories


G

GreggC

The other day I wanted to to view the report "Spending by category". When
money switched to this report, at the top of the screen was the statement,
"You have 8 transactions, totaling $6300.00, that don't have assigned
categories. Assign categories". I selected "Assign categories" and was
directed to a page that listed the transactions and gave me the opportunity
to assign categories. There were 8 items. All 8 were listed as "Account
Adjustment" in my 401K (Contributions) account. In the 401K (Contributions)
account there are 12 payment transactions, all look basically identical,
except for the amount. None of the 12 have categories assigned. All the
transactions seem to zero out the 401K (Contributions) account at the end of
each quarter, so I assume that the "Account Adjustment" transaction is
entered by the 401K Manager when I process the quarterly statement.

So my questions are:

1. Why, of the 12 transactions, are only 8 causing a problem with assigned
categories?

2. What, if any, category should I assign for these transactions?
 
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S

Steve

The other day I wanted to to view the report "Spending by category".
When money switched to this report, at the top of the screen was the
statement, "You have 8 transactions, totaling $6300.00, that don't
have assigned categories. Assign categories". I selected "Assign
categories" and was directed to a page that listed the transactions
and gave me the opportunity to assign categories. There were 8
items. All 8 were listed as "Account Adjustment" in my 401K
(Contributions) account. In the 401K (Contributions) account there
are 12 payment transactions, all look basically identical, except for
the amount. None of the 12 have categories assigned. All the
transactions seem to zero out the 401K (Contributions) account at the
end of each quarter, so I assume that the "Account Adjustment"
transaction is entered by the 401K Manager when I process the
quarterly statement.

So my questions are:

1. Why, of the 12 transactions, are only 8 causing a problem with
assigned categories?

2. What, if any, category should I assign for these transactions?
My guess would be that these are either:

1. Wrap fees - A periodic fee the company charges to manage your
account. This is supposed to be in lieu of commissions, but there are
exceptions.
Categorize this as an investment expense.
2. The purchase of securities with the money you've been investing.
Here's how my 401(k) used to work (I'm now self-employed, so I don't
have it any more): Cash from my paycheck was deposited every week into
the Cash portion of my 401(k) in Money. Same with the employer match.
The money accumulated. Every three months, the IRA manager used my cash
to purchase securities. In Money, this is a purchase in the Securities
portion of my 401(k) with money from the Cash portion. Now the Cash
portion is back to zero. The management company didn't download these
transactions properly, so I always had to fix them.
These aren't categorized other than as a BUY.
 

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