Can't edit Future Paycheques

Aug 25, 2007 10 Replies

I'm using Quicken 2005 GX....



I have my paycheque set up in Quicken in the Scheduled Transaction list. It has been working well.



I recently added a new deduction to my paycheque and want to update the transaction in Quicken. I use the Add After-Tax Deduction to add the new deduction, but when I click the Done button I'm told "The net deposit must not be negative."



I found that even if I just open the scheduled transaction for editing, make no changes, and click the Done button I see the same warning.



Is it not possible to edit a scheduled paycheque transaction?


"Noozer" wrote

Do you mean "Quicken 2005 XG"?

It is in the US version of Quicken.

Perhaps you have a corrupted Scheduled paycheck transaction. Try deleting and re-entering it.

Yes. I always get it backwards.

Tried this, but no change.

Adding new transactions works, but trying to edit them afterwards is pointless.

Just to show what I'm trying to do, I've posted an image, including the warning, at:

formatting link
(106 kB) That is what happens when I try to edit an existing Paycheque series. The edit shown on this picture was to add the "Stock Purchase (ESPP)" after tax deduction. None of the other entries on the form were touched.

I can add new transactions, but editing them afterwards will have the same issue.

Any workarounds for this?

FWIW, we're waiting for Quicken 2008 here in Canada, at which time we will upgrade.

According to how I read your image, you have no income - just deductions. The message seems reasonable to me.

BUT, my paycheque is different every month, so I have no values to preload onto the form.

What's the point of having a scheduled transaction if you can't create a template for it.

"Noozer" wrote in news:g9PBi.110390$rX4.21969@pd7urf2no:

My paychecks vary also. Don't ask me why, but Cornell can't keep a straight salary straight. Most often it varies between 2 different sets of taxes calculated. What I have done recently is that I have set 1 paycheck entered automatically into the register several month in advance, then I copy and paste the other one (if those are the amounts I need) into the register at the correct date, and delete the automatically entered one. Sometimes I have to really edit the automatically entered pacheck. I think the variations are mostly due to whatever stupid payroll program is used by my employer. Just a few more years ...

His split deposit calendar item for his pay check should have all the credit item in his pay, e.g. regular time, overtime, stat pay...if he wishes plus all debit factors, i.e. income tax withheld, various deductions for pensions, IRA's, etc etc. When the automatic item comes up for entry, it's easier to simply edit the exact date, exact amounts in the various categories than to do everything from scratch every payday.

My paycheck varies also, but it usually by a couple of cents due to rounding in Federal, State, Social Security or Medicare Taxes and my Salary does not divide into a nice rounded 1/24 number. I still record what a typical check looks like (for budget, cash flow) and adjust the pennies when I have the detail.

What's the point of scheduling an incomplete transaction? You could record the template with all zeros as the detail.

Because... I don't want to SCHEDULE a single transaction. I want to create a ready to fill in template.

Quicken lets me create the transaction, so why not edit it?

So, I put default values into my scheduled transaction. My net pay is now a positive amount (940.46).

Which I click Done I *STILL* get the warning about a negative amount. If I click on the Net Pay line, my net pay magically reverts to -59.94.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required