Accounting for a deduction from your deductions?

Place it on the income side of the paycheck (assuming you are using the Paycheck form). It will not matter what category that you offset to. Otherwise, don't use the Paycheck form and just memorize your paycheck as a memorized transaction.

Oilcan

-----Original Message----- From: John Oliver [mailto: snipped-for-privacy@john-oliver.net] Posted At: Saturday, April 05, 2008 3:01 PM Posted To: alt.comp.software.financial.quicken Conversation: Accounting for a deduction from your deductions? Subject: Accounting for a deduction from your deductions?

I am using Quicken 2008 Deluxe R 6. I just started a new job that gives me a $50 per month cell phone allowance. This allowance shows up as a negative item under my deductions, almost like they're actually withholding that much less than I "owe" for taxes. I cannot find any way to account for this in Quicken. I've asked for clarification from my employer. Does anyone else have to deal with a situation like this?

My employer does the same. A negative amount under deductions is simply an addition. But you cannot input a negative deduction in the paycheck setup in Quicken. Just add it as other earnings up top and select a category, such as telephone.

But you can have a negative deduction if you create your own paycheck transaction rather than using the Quicken Paycheck Wizard.