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Paycheck Question

Round numbers to keep it simple.

net pay $100

tax $10 Insurance $5 blah blah blah

The net pay is a deposit that would reconcile automatically with online banking.

How do you handle the deductions from the pay? It wouldn't reconcile?

Reply to
The Wolf
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With splits? That's how I do mine, but I'm not sure if I'm understanding the question correctly.

Split would show: Gross pay 115 Tax -$10 Insurance -$5 And that would add up to a net of $100. And that $100 should match up with online banking.

Am I answering the right question?

-dp

Reply to
DP

I don't want to insult your intelligence, but have you tried setting up your paycheck via:

Cash Flow Banking Activities Set Up Paycheck

Bob

net pay $100

tax $10 Insurance $5 blah blah blah

The net pay is a deposit that would reconcile automatically with online banking.

How do you handle the deductions from the pay? It wouldn't reconcile?

Reply to
Bob Wang

Thanks! That is simple.

I was thinking it had to be two seperate transactions for some reason.

Thanks again.

Reply to
The Wolf

I use 2006 for Mac, where is that?

Reply to
The Wolf

Ah, unfortunately it looks like paychecks are not handled in Quicken Mac

2006.

ftp://ftp.quicken.com/pub/quicken/user_guide_mac_2006.pdf

BUT, one of the NEW features for Quicken Mac 2007:

formatting link
New! More detailed paycheck tracking. Now you can enter all of the deductions from your gross paycheck to more closely follow where this key piece of income is going. Plan ahead for tax time by entering the amount you've paid in state and federal taxes, medical benefits, FICA, and personal spending accounts or retirement plans.

Bob P.S. I guess the Mac versions ARE way behind the Windows versions.

I use 2006 for Mac, where is that?

Reply to
Bob Wang

Don't worry about insulting my intelligence. Is this feature available in Mac 2006? I couldn't seem to find it.

Thanks

Bob Wang wrote:

Reply to
The Wolf

Unfortunately, it looks like paychecks were only added to the 2007 Mac version.

Bob

Don't worry about insulting my intelligence. Is this feature available in Mac 2006? I couldn't seem to find it.

Thanks

Bob Wang wrote:

Reply to
Bob Wang

OR, you just set it up manually ... it really isn't that difficult: Gross Pay $125 Taxes -$15 (MINUS $15) Insurance -$10 (MINUS $10) leaves Net Pay $100, which is the amount of the total deposit.

db

[p.s. Isn't the above example the way it shows on your pay stub??? ALWAYS strive to reflect reality in your Q input ... it's just SO much easier to tell the truth.] d
Reply to
danbrown

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