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Need Q2006 Report Help

Greetings,

I am a novice Quicken user; I have used Quicken in the past, but not extensively. I currently have Windows Quicken 2006 (on an XP computer) and need help with reporting my paycheck breakdown.

Currently, my paycheck is split into expense categories (federal gross, fed tax, state tax, retirement (PERS), 403b account, etc). My report is broken down by categories; the wages category contains, among other items, my retirement and 403b. The totals for my total gross matches my paycheck.

Now, I want to change how I split my paycheck and move the retirement and 403b monies from expense categories to "Property and Debt" for my retirement (PERS) account and to "Investing Center" for my 403b account. I have set up these two accounts. Now, when I run my report, the totals are not correct. How do I get the totals correct without double entry (i.e., enter the two retirement monies as originally done and also into their new accounts)?

Hopefully, my question is clear.

Thanks for your help. Dave

Reply to
dave
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The 'category' for the two payroll deductions should reflect a transfer to the respective accounts; e.g., category for PERS deduction would be '[]' and category for 403b deduction would be '[]'.

I am assuming that the PERS and 403b deductions are pre-tax deductions. You need to set the tax attributes for these two accounts as follows: 'Transfers In:W-2 Salary or wages, self'. Do this from the account overview, Account Attributes paine, Options tab, Set tax attributes.

Run QW's Tax Schedule Report and check under the W-2 Header. The two pre-tax deductions should show as reductions to gross salary.

Reply to
JM

Great...that's exactly what I was looking for.

Thanks. Dave

Reply to
dave

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