Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
  #2  
Old 12-16-2004, 02:18 AM
L'l John
Guest
 
Posts: n/a
Default Re: Social Security & Medicare payment deductions


"SJCOHEN730" <sjcohen730[at]aol.com> wrote in message
news:20041215212625.07592.00002323[at]mb-m01.aol.com...
- quote -

> > Subject: Social Security & Medicare payment deductions
> > From: "L'l John" je_norrisnospam[at]hotmail.com
> > Date: 12/15/2004 7:55 PM Eastern Standard Time
> > Message-id: <eAdC5nw4EHA.3876[at]TK2MSFTNGP10.phx.gbl> > > Using Money '04.
> > I need advice on keeping up with Social Security pension received where
> > the
> > Medicare insurance is deducted from total payment.
> > When I download the deposit from the bank it just lists the total amount
> > deposited, which is the amount due less the deduction for Medicare
> > insurance.
> > I would like to keep up with the total S.S. amount received and then
> > record
> > the amount paid for the insurance.
> > How should this be handled?
> > Thanks,
> > John
> > > > > > > > > John, if you did this manually like I do you could use the paycheck form

> for
> social security deposits. But since you download, I would agree that
> Dick's
> suggestion also works. Steve


Thanks Dick & SJCOHEN730,

I don't mind using the manual entry method. I can just delete the downloaded
transaction when I receive my bank updates.
I have set up a recurring deposit using the split transaction to help remind
me to enter it.

Thanks again,
John


  #1  
Old 12-16-2004, 01:26 AM
SJCOHEN730
Guest
 
Posts: n/a
Default Re: Social Security & Medicare payment deductions

- quote -

> Subject: Social Security & Medicare payment deductions
> From: "L'l John" je_norrisnospam[at]hotmail.com
> Date: 12/15/2004 7:55 PM Eastern Standard Time
> Message-id: <eAdC5nw4EHA.3876[at]TK2MSFTNGP10.phx.gbl> Using Money '04.
> I need advice on keeping up with Social Security pension received where the
> Medicare insurance is deducted from total payment.
> When I download the deposit from the bank it just lists the total amount
> deposited, which is the amount due less the deduction for Medicare
> insurance.
> I would like to keep up with the total S.S. amount received and then record
> the amount paid for the insurance.
> How should this be handled?
> Thanks,
> John


John, if you did this manually like I do you could use the paycheck form for
social security deposits. But since you download, I would agree that Dick's
suggestion also works. Steve
 
Old 12-16-2004, 12:53 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Social Security & Medicare payment deductions

Edit the downloaded transactions into a split. In the splits, change the
amount for the income category to the total. Add a second line for an
Insurance:Medicare Premium (or similar) expense. This will be entered as a
negative number. The net should still match the download.

This is just another example of where downloaded transaction data can only
get you so far.

"L'l John" <je_norrisnospam[at]hotmail.com> wrote in message
news:eAdC5nw4EHA.3876[at]TK2MSFTNGP10.phx.gbl...
- quote -

> Using Money '04.
> I need advice on keeping up with Social Security pension received where
> the Medicare insurance is deducted from total payment.
> When I download the deposit from the bank it just lists the total amount
> deposited, which is the amount due less the deduction for Medicare
> insurance.
> I would like to keep up with the total S.S. amount received and then
> record the amount paid for the insurance.
> How should this be handled?
> Thanks,
> John



  #-1  
Old 12-15-2004, 11:55 PM
L'l John
Guest
 
Posts: n/a
Default Social Security & Medicare payment deductions

Using Money '04.
I need advice on keeping up with Social Security pension received where the
Medicare insurance is deducted from total payment.
When I download the deposit from the bank it just lists the total amount
deposited, which is the amount due less the deduction for Medicare
insurance.
I would like to keep up with the total S.S. amount received and then record
the amount paid for the insurance.
How should this be handled?
Thanks,
John


 

Tags
deductions, medicare, payment, security, social
Similar Threads
Thread Forum Replies Last Post
Social Security
Glendar: In the Lifetime Planner function, I do not see any allowance for Social Security income down the road. The Help function describes how Money would...
Microsoft Money 2 02-28-2004 09:59 PM
Social Security Income & budget
Tobike: How should social security income and withdrawals from retirement investments be handled in budget planning? I want them to show as income but not...
Microsoft Money 1 12-19-2003 03:55 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:55 AM.