FAQ 203: Budget--Calculate a sole prop with both match and profit sharing?


Is there a way to run a matching contribution (as well as a profit sharing contribution) for a sole proprietor through the Budget Routine?


Yes, you just set up the source formulas (match and profit sharing) and code both source 2 and 3 with the Force Contribution field set to "No-Use Valuation Calcs". You then run the budget routine, selecting both the match and the profit sharing sources in the setup screen, and it will do both allocations.