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Old 10-30-2005, 04:10 AM
Chris Cowles
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Default Re: Wages into two different accounts

"GrandAdmiral" <GrandAdmiral[at]discussions.microsoft.com> wrote in message
news:2F612CBD-F8BE-406B-B1A8-87F0685FE3A8[at]microsoft.com...
- quote -

> My company direct deposits my salary into two of my bank accounts. These
> transactions dowload ok into my Money 2005. What I am having issues with
> is
> how can I account for my deductions from gross wages for tax purpose? I
> can
> always leave the transactions as "Income - Net Wages", but I want to be
> more
> specific with my deductions. Can this be done?


Decide which account you consider your primary account. In that register,
create the transaction and categorize it as 'paycheck'. On the after-taxes
tab, enter the amount deposited into the secondary account, categorized as
'transfer: secondary account name'. You can right-click the saved
transaction and save it as a recurring transaction.
--
Chris Cowles
Gainesville, FL



  #-1  
Old 10-30-2005, 03:46 AM
GrandAdmiral
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Default Wages into two different accounts

My company direct deposits my salary into two of my bank accounts. These
transactions dowload ok into my Money 2005. What I am having issues with is
how can I account for my deductions from gross wages for tax purpose? I can
always leave the transactions as "Income - Net Wages", but I want to be more
specific with my deductions. Can this be done?

Thank,s for the input.
 

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accounts, wages
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