|
#2
| |||
| |||
| It certainly recapitulates what you want and why you want it, but it doesn't help me understand what you are seeing as an issue that needs fixed. Transfer in Money means movement of money that is neither Income (Wages:Gross Pay) nor Expense (Insurance:Health, Taxes:Federal Income). It does not necessarily mean you called the bank and said transfer $x from Account A to Account B. Given this, lots of things in Money end up being Transfers. Paying a credit card bill is really a Transfer. Withdrawing some money from the ATM that you spend from a pocket cash account is really a Transfer. Given this, I'm not sure what you gain by knowing that money made it into account X because of a Transfer (from a transaction in another account that just happens to be a Paycheck) and what got there because your company made two direct deposits. You could put "from the paycheck" in the note of the transfer split. If it will really work for you, you can always schedule/enter two separate Paycheck transactions, one of which is called a "Paycheck" but only has, say, $x on the Wages Tab as Wages:Gross Pay or similar and the other has all of the stub information but accounts for the total Wages:Gross Pay - $x instead of the real total for Wages:Gross Pay. Having had my paycheck direct-deposited to both a checking account and a savings account for the entire time I've used Money (since 1993) and having done it the way I described in the first place, I'm at a loss to see the benefit of doing it the way I just suggested and I do see the complication that now it's two separate transactions not the one transaction that goes multiple places. But if it works for you, I'm all for it. "Jonathan" <Jonathan[at]discussions.microsoft.com> wrote in message news:39C7D598-A5FA-4F78-90D0-7E13D7B627A1[at]microsoft.com... - quote - > A transfer from the Paycheck-Deductions After Taxes tab is currently how I > am > handling it. No, it's not what is actually going on. It really is two > seperate deposits, no transfers, from one paycheck. The reason I'd like to > work around this is that it is a nuisance when I run reports on the > account. > I have to manually differentiate between which transfers were actual > transfers and which were really deposits from my paycheck. I hope that > makes > more sense. |
|
#1
| |||
| |||
| A transfer from the Paycheck-Deductions After Taxes tab is currently how I am handling it. No, it's not what is actually going on. It really is two seperate deposits, no transfers, from one paycheck. The reason I'd like to work around this is that it is a nuisance when I run reports on the account. I have to manually differentiate between which transfers were actual transfers and which were really deposits from my paycheck. I hope that makes more sense. "Dick Watson" wrote: - quote - > Deposit the paycheck into one account and, on the after taxes tab, transfer > the remainder or fixed amount to the other account. It sounds like you are > close to doing this but are unhappy that it looks like a Transfer in one > account and a Paycheck in another. I'm not sure why this would be an issue. > I'd say it's a) what's going on and b) close enough and c) whether it says > Paycheck or Transfer doesn't make as much difference by a long shot as if > the amount is correct. > "Jonathan" <Jonathan[at]discussions.microsoft.com> wrote in message > news:7AE3B4AE-B1FC-4AA3-B2D2-DD4B6609E960[at]microsoft.com... > > I have my paychecks direct deposited into two seperate bank accounts. One > > account always get a fixed amount from the paycheck (eg. $500) and the > > remainder is put into the other account. Any suggestions for how to best > > handle this? I'm using Money 2005 if that makes a difference. I currently > > have it set up to enter the paycheck into the 'remainder' account and then > > do > > a transfer of the fixed amount into the other account. While this gets the > > account balances correct, the account that gets the fixed amount only > > shows > > the deposits as a transfer instead of a paycheck being deposited. I'd > > appreciate any thoughts you may have on this. |
| | |||
| |||
| Deposit the paycheck into one account and, on the after taxes tab, transfer the remainder or fixed amount to the other account. It sounds like you are close to doing this but are unhappy that it looks like a Transfer in one account and a Paycheck in another. I'm not sure why this would be an issue. I'd say it's a) what's going on and b) close enough and c) whether it says Paycheck or Transfer doesn't make as much difference by a long shot as if the amount is correct. "Jonathan" <Jonathan[at]discussions.microsoft.com> wrote in message news:7AE3B4AE-B1FC-4AA3-B2D2-DD4B6609E960[at]microsoft.com... - quote - > I have my paychecks direct deposited into two seperate bank accounts. One > account always get a fixed amount from the paycheck (eg. $500) and the > remainder is put into the other account. Any suggestions for how to best > handle this? I'm using Money 2005 if that makes a difference. I currently > have it set up to enter the paycheck into the 'remainder' account and then > do > a transfer of the fixed amount into the other account. While this gets the > account balances correct, the account that gets the fixed amount only > shows > the deposits as a transfer instead of a paycheck being deposited. I'd > appreciate any thoughts you may have on this. |
|
#-1
| |||
| |||
| I have my paychecks direct deposited into two seperate bank accounts. One account always get a fixed amount from the paycheck (eg. $500) and the remainder is put into the other account. Any suggestions for how to best handle this? I'm using Money 2005 if that makes a difference. I currently have it set up to enter the paycheck into the 'remainder' account and then do a transfer of the fixed amount into the other account. While this gets the account balances correct, the account that gets the fixed amount only shows the deposits as a transfer instead of a paycheck being deposited. I'd appreciate any thoughts you may have on this. |
| Tags |
| accounts, deposited, direct, paycheck |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Multiple Direct Deposits from Paycheck? Tom Nawara: Newbie question: In the "real world" my payroll service direct deposits 20% of my check into one account, and the remainder into another. Can I... | Microsoft Money | 3 | 01-22-2005 04:54 PM | |
| One paycheck to 2 accounts via Direct Deposit. Jerry: My paycheck is split between two checking accounts. I am trying to find a method to show that the paycheck is split between the two accounts. I... | Microsoft Money | 3 | 09-10-2004 07:12 PM | |
| direct deposit into muliple accounts Ganamede: I have my direct deposit separated into multiple accounts. How can I reflect that in Money? | Microsoft Money | 4 | 05-15-2004 07:08 PM | |
| Unassigned accounts in Paycheck Deposit Tami: I am trying to set up a paycheck with split deductions and taxes. I enter the Gros Pay, but after I enter all the deductions it says that all... | Microsoft Money | 2 | 04-07-2004 02:14 AM | |
| Where does mortgage money get deposited? Marina: I have set up a new mortgage account type for $X and associate an asset account with it (i.e. house). However, while the mortgage account now shows... | Microsoft Money | 1 | 12-14-2003 12:48 AM | |
| Thread Tools | |
| Display Modes | |
| |