I tend to think NOT. The reason I say that is that I think all the "tax
exempt" category flagging does is assure that it reports correctly in tax
reports. I think (haven't tested it--I'd advise you do so) that TE has no
way besides the Before Taxes tab data to figure out what to subtract from
Wages tab data to get to a W-2 gross kind of number for federal taxable
income.

Again, I think you probably want to test this before taking my word for it
or before believing what TE reports.

You can test it by seeding in the data you want one way or the other in you
real data file or in a test file. Then go into TE and look at how it does
the math and what totals it gets. It will show you the transaction amounts
(one of which is really the transaction amount for the first category on the
Wages tab less the total of the Before Taxes tab) it's using. Using a test
file will be easier since you will have much less data in it to go back into
from the TE data to figure out what it is doing. Let us know what you find.

"Ummagumma" <ollaer[at]yahoo.com> wrote in message
news:1153234943.277444.270180[at]p79g2000cwp.googlegroups.com...
- quote -

Dick Watson wrote:
- quote -

Dick,

Thanks for your reply - just one more question..

If I don't use Paycheck feature and instead enter my paycheck as a
split transaction, won't Tax Estimator work the same way as long as I
assign pre-tax deductions to categories that are identified as
tax-exempt in Money ?

May be I misunderstand the way it works.

Here's why I'm asking: I have a PDA program (Cash Organizer) that I
sync to MS Money and it's much easier for me to enter all transactions
on PDA, since I'm not necessarily near computer when I have some free
time. However Cash Organizer doesn't support Money's Paycheck feature.

- quote -

The difference between just Split and Paycheck is limited to the UI (user
interface--what it looks like) and some of the auxiliary tools that use the
tab assignment data--Tax Estimator comes to mind. Tax Estimator, takes the
total of the Before Taxes tab and subtracts it from the category on the
first line of the Wages tab to get to your W-2 gross. For past
transactions--before this year--I'd not worry about changing them unless you
really want to. There are NO reports that tell you what tab you put the
entries on. It's another case of a place where you can jam data into Money
that it's really hard to get back out.

Once converted to Paycheck and all entries are on the After Tax tab, you can
select the individual entries, r-click on them, and move them to one of the
other tabs. Doing this for a large number of transactions will be tedious.

"Amamba" <egroy[at]mailexcite.com> wrote in message
news:1152882509.441195.277930[at]75g2000cwc.googlegroups.com...
- quote -

I had about 7 years worth of data entered in Quicken before I switched
to Money.

All my paychecks in Quicken were entered as "splits" rather than
"paychecks".

I have about 2 years worth of data to catch up with.

I want to track all info on the paycheck - taxes, withdrawals etc.

Now, is there any way - for internal / reporting purposes - in which a
"paycheck" will be different from "split transaction" ?

I tried to convert old data into "paycheck" type but all transactions
fall under "deductions after taxes" tab & it looks weird.

Thanks !