In microsoft.public.money, John T. wrote:

- quote -

You are right. I had missed your point.

You could create a suspense account (typically as a cash account) to
enter the checks, and then enter single transfer to the checking
account for the sum.

- quote -

Same in later versions.

Thank you for your responce, but I think you missed my point.

I do realize that in the Advanced Register (MS Money 2006) there is a way to
split a transaction (which I would like to use) - but the split only includes
columns for Category, Description and Amount. There is NO column for Payer
(or Payee) to name the source of individual checks.

If this has been implemented in a more recent version of MS Money please let
me know.

John T.

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, John T. <John
T.[at]discussions.microsoft.com> wrote:

- quote -

Make sure you are using Advanced register. Go to the bottom of the
Category list and choose Split.

I have never understood why MS Money does not provide the ability to name a
payee (or more accurately, a payer) in a deposit split, yet the program does
provide a way to assign a category for the deposit (which is rather useless
without knowing the source of the check). It would be such a simple feature
to implement - and an extremely useful one at that.

If I deposit 10 or 15 checks from various sources (which is not uncommon), I
absolutely need to keep track of who they are from. I would rather not have
to make out 15 seperate deposits at the bank, or have to keep track of which
individually entered transactions go with a particular downloaded deposit, or
start entering the payers name as a category. I use software so to avoid
having to do these sort of things. Using a well designed transaction split
would obviously be the way to go.

So, why is one unable to name the source of a particular item when one is
depositing multiple items? I am stumped. Am I missing something? There are of
course somewhat complicated and convoluted ways to work around this design
issue, but software is supposed to make life easier, not more difficult.

If this feature has been added to a more recent version of MS Money, please
let me know and I will likely purchase that one.

John T.


"Cal Learner-- MVP" wrote:

- quote -

"Kathleen Melby" <kmelby[at]comcast.net> wrote in message
news:%23O5UbkD3HHA.3900[at]TK2MSFTNGP02.phx.gbl...
- quote -

Does your process preserve the 'special' paycheck category? I believe
that's what the original question proposed.
--
Chris Cowles
Gainesville, FL

Some of us would not consider creating Categories that mixed in Payee
information a best practice. YMMV.

"Kathleen Melby" <kmelby[at]comcast.net> wrote in message
news:%23O5UbkD3HHA.3900[at]TK2MSFTNGP02.phx.gbl...
- quote -

"Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message
news:%23iM%230472HHA.1168[at]TK2MSFTNGP02.phx.gbl...
- quote -

Paychecks work with splits! Here's how I do it.

Suppose I work for ABC company. I receive one paycheck with weekly payroll,
bonus earnings, and all deductions listed on the pay stub. I create
categories in income for ABCincome|weekly and ABCincome|bonus. I also create
categories in expense for ABCexpense|FederalIncomeTax and
ABCexpense|SocialSecurityTax and ABCexpense|MedicareTax and
ABCexpense|(everything else that is deducted).

When I make a deposit, I name the transaction DEPOSIT, insert the deposit
amount and then go to the splits. In the first category, I use
ABCincome|weekly and place the gross total from the weekly amount on the pay
stub. I next use the ABCincome|bonus and place the gross total from the
bonus amount on the pay stub. Next I do the same with the deductions, USING
A NEGATIVE NUMBER for each deduction, as indicated on the pay stub. When I'm
finished, the total of the incomes and deductions equal the deposit amount.

In the event that I am depositing more than one check, I continue with the
pay stub from the second check.

I found that if I have more than one check, and I haven't previously added
up the deposit amount, after inputting the incomes and deductions, the
program will ask if I want to use the total for my deposit.

When I run my reports, I select ABCincome and ABCexpense categories in order
to see my payroll.

"Microsoft communities" <kmelby[at]comcast.net> wrote in message
news:%23u9m5Ep2HHA.4584[at]TK2MSFTNGP03.phx.gbl...
- quote -

But I believe the original post involved a paycheck. You can't do a
split of a split. Personally, I just make separate deposits at my ATM
on the rare occasion it's not a direct deposit or transfer. Not that
big a deal.
--
Chris Cowles
Gainesville, FL

I often make a deposit with multiple payees.

When I create the transaction, I use DEPOSIT in the FROM box. Then, I use
the SPLIT dialog and insert the payee's name as the first part of the
category. I've done it this way for years.

HTH

Kathleen


"philfromwaterbury" <philfromwaterbury[at]discussions.microsoft.com> wrote in
message news:C091476D-2278-4232-859D-88652FF7F43A[at]microsoft.com...
- quote -

In microsoft.public.money, Cal Learner-- MVP wrote:

- quote -

Oooh Oooh.. I got clued in to how to do exactly what you asked for:

There is a way to have two deposits in the register and have them
both match to a single downloaded deposit (or two checks matching to
a single withdrawal). They can have different payees.

When the single download comes down - click Change on the bold
transaction and select the bottom radio button. You can select more
than one transaction. When you accept one of the two that it is
matched to, they are both accepted at the same time. If the same
download comes down a second time (if OFX), the unique ID will
maintain the existing matches and will not ask to match again.

You need to be in the Advanced register for this to be available.

In microsoft.public.money, philfromwaterbury wrote:

- quote -

Sounds .....

I suggest you enter two Paycheck transactions and Void the
downloaded combo deposit. Another alternative is to make two
deposits. Maybe you can get some ATM envelopes and print your data
on them so that you don't have to write your account number and name
twice.

It would be great in money allowed for multiple payees for a single
transaction.

Here is an instance where multiple payees would be better:

Lets say I work at Walmart and Staples.

I get a paycheck from each and deposit them at the same time at my bank.

I then create a transaction in money for the deposit (which is the total of
the two checks) but am only able to use one payee.

When microsoft money then communcates with my bank there is only one deposit
transaction for BOTH checks. And the transaction can be reconsiled

However if I can only use one payee in microsoft money even though I
deposited checks from two different payees then the withholding etc get
associated only with the payee name used.The program associates the net pay,
taxes etc with the payee entered in microsoft money although I actully had
two checks deposited at the same time.

This screws up the various reports avialbe with money, not to mention
the interaction with turbotax or other tax software. As the payee name used
will have the taxes withheld under that name. When in actuality some of the
taxes,etc were withheld by the other employer.

I suggest a way to have multiple Payee's in the
"split/details" section.



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