Budget and Actual Income

#7 08-22-2005, 06:10 AM

in pehkjkljlklk
"Richard Bollar" <bollar[at]bollar.org> wrote in message
news:u3bIuEdoFHA.572[at]TK2MSFTNGP15.phx.gbl...
- quote -

> This is by design -- not only does Money include gross wages as income,
but
> it should also include all of the deductions as budgeted items. If it
> doesn't, you should add those categories to your budget.
> I understand that what you're asking is to have the budget based on net
pay,
> but then the taxes, health care, contributions to savings accounts and
other
> deductions from the paycheck would also have to be removed from the
budget.
> --
> "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> news:11g1ret18fn4892[at]corp.supernews.com...
> > > "Richard Bollar" <bollar[at]bollar.org> wrote in message
> > news:u2dRbNcoFHA.2484[at]TK2MSFTNGP15.phx.gbl...
> > > Presumably the taxes and deductions are also included as expenses then.
> > If
> > > not, then yes, your budget needs more tweaking.
> > > > > --
> > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > news:11g1l4e3h75q66b[at]corp.supernews.com...
> > > > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > > news:11g1hosr69g7b26[at]corp.supernews.com...
> > > > > I'm using Money 2006 Deluxe. How can I figure out what amounts
> > money
> > > > is
> > > > > using to calculate my Actual Income on the Budget Summary Screen?
It
> > > > would
> > > > > be nice to drill down on the amount and see what is include. The
> > reason
> > > > I'm
> > > > > asking is because the amount is not what I think it should be base
on
> > > > > 2
> > > > > paychecks and X money in cash we receive in rent this month so far.
> > The
> > > > > actual value is actually hundreds of dollars more and I'm trying to
> > > > > figure
> > > > > out why.
> > > > > > > > > > > > > > > I just switched to advance budget mode and can now see what is going
> > > > on.
> > > > Money is using my Gross pay for each paycheck instead off my actual
> > > > take
> > > > home pay total after deductions. Yet another thing I have to try
fix
> > and
> > > > figure out.
> > > > > > > > > > > > > Money let's me create what it calls a paycheck as a special category and
a
> > special way to keep track of items on my paycheck. I like this idea by
> > the
> > way don't get me wrong. But it then forces gross pay in the budget from
> > the
> > paycheck, ignoring the actual paycheck total. I think this is a bug
and
> > needs fixed. Why give me a option to even create a paycheck in this way
> > and
> > not use the actual paycheck total in the budget, this makes no sense.
> > When
> > I deposit a paycheck in my account it lists the paycheck total as my
> > deposit
> > amount which happens to be the net pay. Its not listing the gross pay
as
> > my
> > deposit amount because that would be wrong. Then why in the hell don't
> > the
> > budget match this up correctly?
> > > >

#6 08-22-2005, 06:04 AM

in peigham ast
"Richard Bollar" <bollar[at]bollar.org> wrote in message
news:u3bIuEdoFHA.572[at]TK2MSFTNGP15.phx.gbl...
- quote -

> This is by design -- not only does Money include gross wages as income,
but
> it should also include all of the deductions as budgeted items. If it
> doesn't, you should add those categories to your budget.
> I understand that what you're asking is to have the budget based on net
pay,
> but then the taxes, health care, contributions to savings accounts and
other
> deductions from the paycheck would also have to be removed from the
budget.
> --
> "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> news:11g1ret18fn4892[at]corp.supernews.com...
> > > "Richard Bollar" <bollar[at]bollar.org> wrote in message
> > news:u2dRbNcoFHA.2484[at]TK2MSFTNGP15.phx.gbl...
> > > Presumably the taxes and deductions are also included as expenses then.
> > If
> > > not, then yes, your budget needs more tweaking.
> > > > > --
> > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > news:11g1l4e3h75q66b[at]corp.supernews.com...
> > > > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > > news:11g1hosr69g7b26[at]corp.supernews.com...
> > > > > I'm using Money 2006 Deluxe. How can I figure out what amounts
> > money
> > > > is
> > > > > using to calculate my Actual Income on the Budget Summary Screen?
It
> > > > would
> > > > > be nice to drill down on the amount and see what is include. The
> > reason
> > > > I'm
> > > > > asking is because the amount is not what I think it should be base
on
> > > > > 2
> > > > > paychecks and X money in cash we receive in rent this month so far.
> > The
> > > > > actual value is actually hundreds of dollars more and I'm trying to
> > > > > figure
> > > > > out why.
> > > > > > > > > > > > > > > I just switched to advance budget mode and can now see what is going
> > > > on.
> > > > Money is using my Gross pay for each paycheck instead off my actual
> > > > take
> > > > home pay total after deductions. Yet another thing I have to try
fix
> > and
> > > > figure out.
> > > > > > > > > > > > > Money let's me create what it calls a paycheck as a special category and
a
> > special way to keep track of items on my paycheck. I like this idea by
> > the
> > way don't get me wrong. But it then forces gross pay in the budget from
> > the
> > paycheck, ignoring the actual paycheck total. I think this is a bug
and
> > needs fixed. Why give me a option to even create a paycheck in this way
> > and
> > not use the actual paycheck total in the budget, this makes no sense.
> > When
> > I deposit a paycheck in my account it lists the paycheck total as my
> > deposit
> > amount which happens to be the net pay. Its not listing the gross pay
as
> > my
> > deposit amount because that would be wrong. Then why in the hell don't
> > the
> > budget match this up correctly?
> > > >

#5 08-16-2005, 12:07 AM

Unfortunately, Money cannot be all things for all people. Money is set
up to monitor the details of your paycheck between gross pay and net
pay. Those differences for taxes, health care, savings are important to
many people using Money. If you chose to ignore these items in Money
you can report only your net pay as your gross pay in Money. You would
be "faking it" but if that is what you want you can do it. But you will
have to think it all out, no way for Money to do this "automatically".
You need to do it manually. Good luck. Steve

#4 08-15-2005, 08:41 PM

"Richard Bollar" <bollar[at]bollar.org> wrote in message
news:u3bIuEdoFHA.572[at]TK2MSFTNGP15.phx.gbl...
- quote -

> This is by design -- not only does Money include gross wages as income,
but
> it should also include all of the deductions as budgeted items. If it
> doesn't, you should add those categories to your budget.
> I understand that what you're asking is to have the budget based on net
pay,
> but then the taxes, health care, contributions to savings accounts and
other
> deductions from the paycheck would also have to be removed from the
budget.
> --
> "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> news:11g1ret18fn4892[at]corp.supernews.com...
> > > "Richard Bollar" <bollar[at]bollar.org> wrote in message
> > news:u2dRbNcoFHA.2484[at]TK2MSFTNGP15.phx.gbl...
> > > Presumably the taxes and deductions are also included as expenses then.
> > If
> > > not, then yes, your budget needs more tweaking.
> > > > > --
> > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > news:11g1l4e3h75q66b[at]corp.supernews.com...
> > > > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > > news:11g1hosr69g7b26[at]corp.supernews.com...
> > > > > I'm using Money 2006 Deluxe. How can I figure out what amounts
> > money
> > > > is
> > > > > using to calculate my Actual Income on the Budget Summary Screen?
It
> > > > would
> > > > > be nice to drill down on the amount and see what is include. The
> > reason
> > > > I'm
> > > > > asking is because the amount is not what I think it should be base
on
> > > > > 2
> > > > > paychecks and X money in cash we receive in rent this month so far.
> > The
> > > > > actual value is actually hundreds of dollars more and I'm trying to
> > > > > figure
> > > > > out why.
> > > > > > > > > > > > > > > I just switched to advance budget mode and can now see what is going
> > > > on.
> > > > Money is using my Gross pay for each paycheck instead off my actual
> > > > take
> > > > home pay total after deductions. Yet another thing I have to try
fix
> > and
> > > > figure out.
> > > > > > > > > > > > > Money let's me create what it calls a paycheck as a special category and
a
> > special way to keep track of items on my paycheck. I like this idea by
> > the
> > way don't get me wrong. But it then forces gross pay in the budget from
> > the
> > paycheck, ignoring the actual paycheck total. I think this is a bug
and
> > needs fixed. Why give me a option to even create a paycheck in this way
> > and
> > not use the actual paycheck total in the budget, this makes no sense.
> > When
> > I deposit a paycheck in my account it lists the paycheck total as my
> > deposit
> > amount which happens to be the net pay. Its not listing the gross pay
as
> > my
> > deposit amount because that would be wrong. Then why in the hell don't
> > the
> > budget match this up correctly?
> > > > I see your point if you wanted to truly track that stuff in the budget, I
don't. I want to preserve the paycheck detail only and I have no need what

so ever to track this in my budget. The point from gross pay to net pay is
not even need in my budget, I know this all ready my spending has no effect
on this amount. The point of my budget is to see where my money is going
after net pay. The reality I have is net pay is my actually money I have to
spend for the month as income and would like to base my budget off this if
possible. However since I would like to keep my check detail in money I
seem to be in a pickle. I need some type of solution that keeps both idea's
intact and Money's help is not helping.

#3 08-15-2005, 07:40 PM

This is by design -- not only does Money include gross wages as income, but
it should also include all of the deductions as budgeted items. If it
doesn't, you should add those categories to your budget.

I understand that what you're asking is to have the budget based on net pay,
but then the taxes, health care, contributions to savings accounts and other
deductions from the paycheck would also have to be removed from the budget.

--

"Shadowz" <Shadowz[at]NoSpam.com> wrote in message
news:11g1ret18fn4892[at]corp.supernews.com...
- quote -

> "Richard Bollar" <bollar[at]bollar.org> wrote in message
> news:u2dRbNcoFHA.2484[at]TK2MSFTNGP15.phx.gbl...
> > Presumably the taxes and deductions are also included as expenses then.
> If
> > not, then yes, your budget needs more tweaking.
> > > --
> > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > news:11g1l4e3h75q66b[at]corp.supernews.com...
> > > > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > > news:11g1hosr69g7b26[at]corp.supernews.com...
> > > > I'm using Money 2006 Deluxe. How can I figure out what amounts
> money
> > > is
> > > > using to calculate my Actual Income on the Budget Summary Screen? It
> > > would
> > > > be nice to drill down on the amount and see what is include. The
> reason
> > > I'm
> > > > asking is because the amount is not what I think it should be base on
> > > > 2
> > > > paychecks and X money in cash we receive in rent this month so far.
> The
> > > > actual value is actually hundreds of dollars more and I'm trying to
> > > > figure
> > > > out why.
> > > > > > > > > > > I just switched to advance budget mode and can now see what is going
> > > on.
> > > Money is using my Gross pay for each paycheck instead off my actual
> > > take
> > > home pay total after deductions. Yet another thing I have to try fix
> and
> > > figure out.
> > > > > > > Money let's me create what it calls a paycheck as a special category and a
> special way to keep track of items on my paycheck. I like this idea by
> the
> way don't get me wrong. But it then forces gross pay in the budget from
> the
> paycheck, ignoring the actual paycheck total. I think this is a bug and
> needs fixed. Why give me a option to even create a paycheck in this way
> and
> not use the actual paycheck total in the budget, this makes no sense.
> When
> I deposit a paycheck in my account it lists the paycheck total as my
> deposit
> amount which happens to be the net pay. Its not listing the gross pay as
> my
> deposit amount because that would be wrong. Then why in the hell don't
> the
> budget match this up correctly?

#2 08-15-2005, 07:33 PM

"Richard Bollar" <bollar[at]bollar.org> wrote in message
news:u2dRbNcoFHA.2484[at]TK2MSFTNGP15.phx.gbl...
- quote -

> Presumably the taxes and deductions are also included as expenses then.
If
> not, then yes, your budget needs more tweaking.
> --
> "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> news:11g1l4e3h75q66b[at]corp.supernews.com...
> > > "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> > news:11g1hosr69g7b26[at]corp.supernews.com...
> > > I'm using Money 2006 Deluxe. How can I figure out what amounts
money
> > is
> > > using to calculate my Actual Income on the Budget Summary Screen? It
> > would
> > > be nice to drill down on the amount and see what is include. The
reason
> > I'm
> > > asking is because the amount is not what I think it should be base on 2
> > > paychecks and X money in cash we receive in rent this month so far.
The
> > > actual value is actually hundreds of dollars more and I'm trying to
> > > figure
> > > out why.
> > > > > > > I just switched to advance budget mode and can now see what is going on.
> > Money is using my Gross pay for each paycheck instead off my actual take
> > home pay total after deductions. Yet another thing I have to try fix
and
> > figure out.
> Money let's me create what it calls a paycheck as a special category and a
special way to keep track of items on my paycheck. I like this idea by the

way don't get me wrong. But it then forces gross pay in the budget from the
paycheck, ignoring the actual paycheck total. I think this is a bug and
needs fixed. Why give me a option to even create a paycheck in this way and
not use the actual paycheck total in the budget, this makes no sense. When
I deposit a paycheck in my account it lists the paycheck total as my deposit
amount which happens to be the net pay. Its not listing the gross pay as my
deposit amount because that would be wrong. Then why in the hell don't the
budget match this up correctly?

#1 08-15-2005, 06:01 PM

Presumably the taxes and deductions are also included as expenses then. If
not, then yes, your budget needs more tweaking.

--

"Shadowz" <Shadowz[at]NoSpam.com> wrote in message
news:11g1l4e3h75q66b[at]corp.supernews.com...
- quote -

> "Shadowz" <Shadowz[at]NoSpam.com> wrote in message
> news:11g1hosr69g7b26[at]corp.supernews.com...
> > I'm using Money 2006 Deluxe. How can I figure out what amounts money
> is
> > using to calculate my Actual Income on the Budget Summary Screen? It
> would
> > be nice to drill down on the amount and see what is include. The reason
> I'm
> > asking is because the amount is not what I think it should be base on 2
> > paychecks and X money in cash we receive in rent this month so far. The
> > actual value is actually hundreds of dollars more and I'm trying to
> > figure
> > out why.
> > > I just switched to advance budget mode and can now see what is going on.
> Money is using my Gross pay for each paycheck instead off my actual take
> home pay total after deductions. Yet another thing I have to try fix and
> figure out.

08-15-2005, 05:40 PM

"Shadowz" <Shadowz[at]NoSpam.com> wrote in message
news:11g1hosr69g7b26[at]corp.supernews.com...
- quote -

> I'm using Money 2006 Deluxe. How can I figure out what amounts money
is
> using to calculate my Actual Income on the Budget Summary Screen? It
would
> be nice to drill down on the amount and see what is include. The reason
I'm
> asking is because the amount is not what I think it should be base on 2
> paychecks and X money in cash we receive in rent this month so far. The
> actual value is actually hundreds of dollars more and I'm trying to figure
> out why.

I just switched to advance budget mode and can now see what is going on.
Money is using my Gross pay for each paycheck instead off my actual take
home pay total after deductions. Yet another thing I have to try fix and
figure out.

#-1 08-15-2005, 04:47 PM

I'm using Money 2006 Deluxe. How can I figure out what amounts money is
using to calculate my Actual Income on the Budget Summary Screen? It would
be nice to drill down on the amount and see what is include. The reason I'm
asking is because the amount is not what I think it should be base on 2
paychecks and X money in cash we receive in rent this month so far. The
actual value is actually hundreds of dollars more and I'm trying to figure
out why.

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