Can't figure out how to do paychecks

Hello Quicken Users. Hopefully there're Quicken techs listening, too. I cannot get my paycheck entered properly into my Quicken 2005 Premiere. Quicken knows that my paychecks, be they very small, still are split a hundred different ways. Yet every time I download transactions from my bank, there's my new paycheck with a single un-split amount. Even if I setup a scheduled transaction in time for the download, Quicken fails to match it. It always sees the downloaded paycheck as New. So, here's what I do, I delete the downloaded paycheck, and then I duplicate the previous paycheck into a new one, change all the split amounts, and finally accept it. What a hack! Quicken should match the previous transaction using memorized transcations. Maybe the total amount and the split amounts won't match, but I think that should be my problem to fix, not Quicken's to stop. Am I missing a step here?

Reply to
Joe
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If the paycheck transaction in your register does not have the same amount as the downloaded paycheck, they will not match. I have no trouble matching downloaded paycheck transactions for paychecks that are for a different amount each time and which contain different splits each time ... but I do the work on the paycheck transaction in Quicken before I accept the downloaded transaction: there is no other way.

So, to put it another way: it *is* your "problem to fix" ... before you accept the downloaded transaction. Quicken is doing its job correctly.

Reply to
John Pollard

Thanks for your help. I guess that means that I have to keep doing what I'm doing. It's a little inconvenient for me because my downloaded paycheck always arrives before I have a paystub with the actual splits. So I'm not able to be ready, like you are. Quicken may be doing things "correctly," but it's not doing things "helpfully". I also use other financial software and their paycheck transactions always match -- the software flags the paycheck as needing an adjustment which I then go in and fix. Less work for me this way. Maybe in Quicken 2006, you think? Thanks for helping me out.

Reply to
Joe

Actually, I'm in the same boat you are in, I usually see a pay stub after the transaction has cleared the bank ... though not long after.

What I do is look at the amount in the downloaded transaction, then before accepting it, I modify the scheduled transaction that is sitting in the register to have the same amount as the downloaded transaction and "Adjust" the split to agree, then Accept the now matching downloaded transaction.

For a period of maybe 24 hours, or usually less, the transaction in the register does not have the right splits, but it does have the correct total amount, it has its "cleared" attribute set, it has the "downloaded transaction" flag set, and it has the correct "date posted". When I later look at the pay stub, I go in and fiddle with the splits to make them correct, and all is well.

Reply to
John Pollard

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