Thanks for everyones help! I am starting to feel very comfortable with
the paycheck concept and scheduled transactions now that we've deeply
investigated it!
-Jeff

On 2005-02-08, Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote:
- quote -

I *do* download transaction data, and I agree with Dick - you
*should* schedule your paycheck. It contains more data than
the download. That data is useful and easy to capture when you
schedule the paycheck.

comments inline.

"jmoeller18" <jmoeller18[at]yahoo.com> wrote in message
news:1107867401.540420.325130[at]z14g2000cwz.googlegroups.com...
- quote -

Yes, your net for the scheduled paycheck should be the amount of the check.
It will equal the wages - before tax deducts - taxes - after tax deducts.

- quote -

The paycheck is the scheduled transaction. It's just a complex one, that's
all. Don't think of it as multiple scheduled transactions. It's just one--a
complex one.

- quote -

I don't download transaction data, so take my answer with a grain of pepper:
yes, you should. It will enable cash flow forecast to work, feed budget
planner, feed tax/witholding estimator and so forth. It will also assure
that when you do download the deposit, you can match it with a transaction
that knows a whole lot more than just the net amount deposited--that's all
the download will know. It won't know anything about gross/before
taxes/taxes/after taxes.

On 2005-02-08, jmoeller18 <jmoeller18[at]yahoo.com> wrote:
- quote -

YES! The reason is that the information in the download is less
than the information in your scheduled transaction. All that you'll
get from the download is the final number that gets deposited into
your account. You don't get all of the other information (like how
much your gross pay is, and how much of that went to taxes, and how
much went to health insurance, etc). All of the information in the
details tabs disappears. When you schedule the transaction and enter
the scheduled transaction into your register, Money will match the
downloaded amount to the amount from your scheduled transaction,
and ask if the two transactions are the same. When you click yes,
Money will override the date with the bank's date, but all of
the other data (including the details) will be retained from the
transaction you entered.

The reason that you schedule this is so that you don't have
to go in and add the details everytime you receive a paycheck.
You simply click on "Enter in Register" and all of those details get
copied in. I believe you said that you get a different paycheck
amount everytime. This is going to be a little bit more work
for you because you're going to have to adjust your details with
every paycheck. But adjusting is easier than entering everything
from scratch.

On 2005-02-08, jmoeller18 <jmoeller18[at]yahoo.com> wrote:
- quote -

The single scheduled transaction is the remainder of all the detail
items within. When you create the single scheduled transaction,
in the very first screen (before you enter the details) you have to
tell Money that the transaction is going to be deposited somewhere -
so you give it an account. After all of the details are entered
in the details section, whatever remains will be deposited into
the account you chose on the first screen.

This is why you need to enter only two transfers in the after tax
section. The remainder is automatically going to one account.
If you have three destinations for your money, you're going to
need to tell money about the other 2 destinations - so you add
two transfers.

- quote -

whose elements/details are mapped to the wages/before/taxes/after tabs.
Any
transaction in non-investment accounts can be split, including into a
Paycheck. Any transaction scheduled against a non-investment account
can be
split, including into a Paycheck.
<<<
this is my experience
i take my net wage (which on the paycheck is not in the after-tax
deduction box) and take all and enter all but one of the bank
transfers, saving one for the mandatory next-screen which needs a
scheduled transaction to save it as an entity in my bills=> scheduled
transactions

i did complete my initial goal to schedule a transaction, plus i've
accomplished the bonus tasks of tracking everything in my paycheck.
however my only real functional problem, before i really start to use
this feature, is that the gateway to the paycheck and the other
scheduled transactions are through this one line-item in my
bills=> scheduled transaction screen. no real problem, i was just
expecting a different interface

i should ask the question, do i really want to schedule a transaction
that already shows up in the downloaded bank statements. are scheduled
transactions for items that aren't in bank transaction import files?

- quote -

some elements on the after tax tab being transfers, and b) schedule one

transaction split into a paycheck with some elements on the after tax
tab
being transfers.
<<<
yes its true

- quote -

deposited, in pieces, into all three accounts.)
<<<
ok

- quote -

and then try to change the after taxes tab to include the two $50
transfers,
it will not balance unless you tell Money to change the total of the
transaction to $250.
Does that help?
<<<
yes, good points

thanks AJ, that piece is working, i just was conceptially expecting a
different interface into each aspect as if they were top level entities
and not, from my point of view, details
i'm sure i'll get a feel for it once i stop questioning it and start
using it

- quote -

whose elements/details are mapped to the wages/before/taxes/after tabs.
Any
transaction in non-investment accounts can be split, including into a
Paycheck. Any transaction scheduled against a non-investment account
can be
split, including into a Paycheck.
<<<
this is my experience
i take my net wage (which on the paycheck is not in the after-tax
deduction box) and take all and enter all but one of the bank
transfers, saving one for the mandatory next-screen which needs a
scheduled transaction to save it as an entity in my bills=> scheduled
transactions

i did complete my initial goal to schedule a transaction, plus i've
accomplished the bonus tasks of tracking everything in my paycheck.
however my only real functional problem, before i really start to use
this feature, is that the gateway to the paycheck and the other
scheduled transactions are through this one line-item in my
bills=> scheduled transaction screen. no real problem, i was just
expecting a different interface

i should ask the question, do i really want to schedule a transaction
that already shows up in the downloaded bank statements. are scheduled
transactions for items that aren't in bank transaction import files?

- quote -

some elements on the after tax tab being transfers, and b) schedule one

transaction split into a paycheck with some elements on the after tax
tab
being transfers.
<<<
yes its true

- quote -

deposited, in pieces, into all three accounts.)
<<<
ok

- quote -

and then try to change the after taxes tab to include the two $50
transfers,
it will not balance unless you tell Money to change the total of the
transaction to $250.
Does that help?
<<<
yes, good points

bonus notes:
wow google beta errored out and after moving back and forth between
screens for awhile it still managed to save my original response when i
hit reply to tell you i lost this first reply. very friendly

- quote -

details section are scheduled as well. This means that when you
enter any items in any of the tabs, all of those items are scheduled.
<<<
thats what i wanted to hear, it just seems so arbitrary to pick one of
those transactions to be the entry point, at least in 2005 standard

- quote -

the information that you put into the details section when you
created the paycheck is what will get entered into your register.
Including all categorization of deductions and transfers. (1)
<<<
ok, thats starting to make more sense

- quote -

<<<
i can't see the paycheck until i click into the scheduled transaction
that references the paycheck. i was just expecting that paycheck was a
seperate/stand alone entity rather than a detail, in 2005 std

- quote -

(the paycheck) and hidden in the detail are the transfers.
<<<
this is what i have, except that the single scheduled transaction has
to be one of the transactions

- quote -

<<<
i may understand it better when i start to use it. i won't even get
into how i'm going to manage a paycheck with inconsistant values

- quote -

not true for me, although i could think of it like that
or maybe i didn't set it up correctly, but after setting it up, i'm
forced to use one of my scheduled transactions on the screen that is
required after setting up the paycheck or i lose the entire thing

before i really use the thing, i expected to put all my after-tax
transactions into that tab instead of being forced to take one out and
use it as the reference transaction

I hope I don't muddy up the waters. I have a someone like situation.
I am assuming your are comfortable on how you have your wages,
deductions and taxes set-up.

I assume that the college fund is in some Investment type account you
are monitoring (Broker or 529 Plan). Here is how I do this:

On my Wages Tab, I have two entries:

Transfer to: Broker (or Savings Account) Account (200.00)
Transfer to: Joint Checking Account (750.00)

The end result is that your Deposit is to Individual Checking Account
(remaining Net Pay)

Let's try and get some terminology clear. A Paycheck is a class of Split
whose elements/details are mapped to the wages/before/taxes/after tabs. Any
transaction in non-investment accounts can be split, including into a
Paycheck. Any transaction scheduled against a non-investment account can be
split, including into a Paycheck.

So, you are trying to a) enter one transaction split into a paycheck with
some elements on the after tax tab being transfers, and b) schedule one
transaction split into a paycheck with some elements on the after tax tab
being transfers.

You are not trying--or should not be trying--to schedule multiple
transactions to do this. (Again, I'm assuming the paycheck is direct
deposited, in pieces, into all three accounts.)

If you schedule one paycheck to deposit into First Account, details:

Wage elements totaling: $500
Before taxes deduct elements totaling: $50
Taxes deduct elements totaling: $100
After taxes deduct elements:
Transfer:Second Account $50
Transfer:Third Account $50

you are scheduling one paycheck transaction with elements that add up to a
$250 deposit into First Account and will also deposit (err, Transfer) $50 to
each of Second Account and Third Account.

Note if you start with a transaction already entered into a register that
looks like:

Wages totaling: $500
Before taxes deduct totaling: $50
Taxes deduct totaling: $100
After taxes deducts: $0

(and totals $350 deposit to First Account)

and then try to change the after taxes tab to include the two $50 transfers,
it will not balance unless you tell Money to change the total of the
transaction to $250.

Does that help?

"jmoeller18" <jmoeller18[at]yahoo.com> wrote in message
news:1107814126.606681.40220[at]f14g2000cwb.googlegroups.com...
- quote -

On 2005-02-07, jmoeller18 <jmoeller18[at]yahoo.com> wrote:
- quote -

You should not have to create 2 more scheduled transactions.
When you create a paycheck, all of the items you enter in the
details section are scheduled as well. This means that when you
enter any items in any of the tabs, all of those items are scheduled.

Once you've finished creating the scheduled paycheck, at some point
you'll have to enter it into your register. When you do that,
the information that you put into the details section when you
created the paycheck is what will get entered into your register.
Including all categorization of deductions and transfers. (1)

If you want to make changes that apply to all future occurances
of your paycheck (e.g. if you got a raise), you'd go into Bills &
Deposits, r-click on your paycheck, and choose "Edit-> Edit Series".
Any changes you make will apply to all future occurances.

- quote -

I'm very confused by this paragraph.

In the 1st case (the way you want it), the paycheck is the thing you
see and hidden in the detail are the transfers. In the 2nd case (the
way that it is), the thing you see is a single scheduled transaction
(the paycheck) and hidden in the detail are the transfers.

I don't see how the way you want it is different than the way
it is. The only thing you see in Bills & Deposits is the paycheck.
Hidden in the details of that paycheck are a bunch of transactions:
you recieved income, you spent some of that income on taxes,
you spent some of that income on health insurance, you put some
of that income into a 401(k), and you're transfering some of that
income into other accounts. When you create a paycheck, you're
really creating and scheduling all of those transactions at once,
but Money abstracts that very complex set of transactions into a
single thing: a paycheck. IMHO, this is a good thing.

Can you think of some way to help explain what you want? Or maybe
why what you've got isn't good?

Thanks Dick, however this is still unclear

are paychecks only a detail of a scheduled transaction? so i can't just
list my packchecks outside of a scheduled transaction detail?

the only way i could get my scheduled transaction to balance (to
actually save correctly) was to put 2 of the scheduled transactions in
the after-tax tab and the third being the scheduled transaction itself.

my question now is do i create 2 more scheduled transactions each with
their own version of this paycheck
or will the transfers within the after-tax tab already be considered as
scheduled transactions?

it just seems like the view should be paycheck centric where its detail
allows me to split the net pay into three scheduled transactions
instead of having one scheduled transaction's detail be a paycheck
where the other 2 scheduled transactions are hidden inside.

You can change a single occurrence or all occurrences of a scheduled item in
Bills&Deposits. Or you can change an already entered transaction in an
account register. The latter only changes one transaction.

A) To view the scheduled paycheck, select it in Bills&Deposits,
r-click/context menu key, select Edit|All Occurrences, then select Details
choice to see the paycheck entry form. To view the transaction in the
account register, select it, r-click/context menu key, then select Details
choice to see the paycheck entry form.

B) Go to Bills&Deposits. Select the pre-existing scheduled Paycheck that is
direct deposited into your primary Money account. r-click/context menu key.
Select Edit|All Occurrences. Go to the After Tax Tab. Add the two transfers.
Done. OK.

(I'm doing menus from memory--hopefully I'm getting you close enough.)

"jmoeller18" <jmoeller18[at]yahoo.com> wrote in message
news:1107809311.869977.31680[at]z14g2000cwz.googlegroups.com...
- quote -

i am confused

ok, after 4 or more times of setting up the paycheck/reoccuring account
i have something that is actually still there and doesn't complain

i created a new paycheck, and in the after-tax tab, i set up 2 of the 3
accounts to show a transfer, when i am finished with the paycheck
setup, i return to a reoccuring accounts screen where i setup the
other, the missing third of the 3 net pay distributions.

this all works without complaint.

however

A) how do i view paycheck?
- is it only a detail of a particular reoccurring transfer?


B) how i do i setup reocurring transfers for the other 2 distributions
that are hidden inside of the paycheck for the first distribution

Thanks! - Jeff

There is no One Right Way. Here I will assume that the paycheck is direct
deposited in three accounts that are each represented by Money accounts.

Enter the paycheck transaction in the personal checking register. On the
After Tax tab, add two items like:
Transfer:[name of Money acct for kid's college fund]
Transfer:[name of Money acct for joint checking]

The net that's left will be what deposits in the personal checking account.


"jmoeller18" <jmoeller18[at]yahoo.com> wrote in message
news:1107806340.389824.165160[at]z14g2000cwz.googlegroups.com...
- quote -

i have a paycheck in advanced reports setup as (2005 standard)

wages : gross pay
deductions before tax: 401k, child care
taxes: soc sec, fed, state, medicare
deductions after tax: n/a

where do i put the net pay which is divided up into three different
deposits

A) kids college fund
B) joint checking
C) personal checking

Thanks!
-Jeff