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Old 05-06-2007, 04:17 AM
Dick Watson
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Default Re: Budgeting Woes...First of- and Mid-month Salary Withholdings

Can't say I can fully see through its impacts on Budget Planner/AB/S&SB/EB,
but you might want to see http://umpmfaq.info/faqdb.php?q=151 for a way to
treat a similar case. This way may make your case better.

"Masipag" <Masipag[at]discussions.microsoft.com> wrote in message
news:1041583E-2DA6-43AB-8E0C-D0805755335D[at]microsoft.com...
- quote -

> Does anyone know how to circumvent this problem?


  #-1  
Old 05-06-2007, 02:25 AM
Masipag
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Default Budgeting Woes...First of- and Mid-month Salary Withholdings

To anyone who can help me out,

My employer does things a little differently. I receive two deposits each
month: one on the 1st, and one on the 15th. From the 1st deposit, the taxes
and such are withdrawn. Additionally, the value of the mid-month deposit is
also deducted and withheld (post taxes). Then, on the 15th, this amount is
deposited to my bank account.

I CANNOT figure out how to setup a working budget with Money 2007 Deluxe to
accurately track the deposits and account for the mid-month withholding.
Currently, I have set up two different automatic employer deposits where
the mid-month deposit is "tax exempt income" and the first deposit accounts
for an after-tax deduction to "Misc. Expense" category. Unfortunately, this
results in an artificially HUGE expense for "Misc Expense" category report
each month.

Does anyone know how to circumvent this problem? Please help! Thanks in
advance.
 

Tags
budgeting, midmonth, salary, withholdings, woesfirst
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