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#2
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| I'm getting closer to understanding your question, I think. But I'm not there yet. Deducts the gross amount--and by this I'm guessing you are talking about the total of the wages tab items?--from what balance? You say you are reporting all yearly expenses sorted by subcategory, where in here does a deduction factor in? What were you expecting to deduct from what? One alternative interpretation I can arrive at is that you are wanting just after tax expenses shown as expenses. You'll have to cull out the categories you don't want from the categories tab of the report customization. Money takes a holistic view of the income and expenses you tell it about. If you tell it about gross wages and taxes, it thinks those are part of figuring out how much comes in and how much goes back out. Since it reports that taxes are my largest single expense category, I, too, sometimes wish it didn't view the problem this way. But it does--and that's generally a good thing. Assuming that's not your issue, one data point that may or may not help us get to a common understanding of your issue follows: The distinction in Money using Paychecks and Advanced Register (just to narrow down to what I know) between "before" and "after" taxes is a complete artifact that seems to only be demonstrated in Tax Estimator. What TE does to figure taxable income--i.e., reduce gross wages by before tax items like health insurance and 401(k) contributions--is reduce the earnings category on the first line of each paycheck's "wages" tab by the total amount of the "before taxes"--normally expenses--tab. Sometimes this has weird side effects depending on things like is the first line less than the before tax tab total. But there is never anywhere else I'm aware of (some of the taxes reports/exports maybe??) where Money uses the information about what's a "before tax" expense to reduce gross income to gross taxable income. You can do this by extracting data from category total reports and doing your own math. But Money never has a number equivalent to W2 wages anywhere easy to get at except tax estimator. "MH" <Nospam[at]aol.com> wrote in message news:hkrvj.11286$wG2.5299[at]trndny09... - quote - > Using Money Deluxe 2007, Advanced register. The actual paycheck enters > correctly, but at year end when I view my customized expense report > listing all yearly expenses sorted by subcategory it deducts the gross > amount from the balance not net. |
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#1
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| Using Money Deluxe 2007, Advanced register. The actual paycheck enters correctly, but at year end when I view my customized expense report listing all yearly expenses sorted by subcategory it deducts the gross amount from the balance not net. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:O12MfRPdIHA.4968[at]TK2MSFTNGP02.phx.gbl... - quote - > So you are not using the Paycheck type of transaction? What > version/edition of Money? If M05 or more recent and not Money Essential > (MEss) are you using Advanced Register? What kind of report are you using? > Have you customized it? Are you using Essential or Advanced Reports? And > now I note that you say "employees". If you are using one of the * > Business * editions it may be much harder to get an answer as no regular > here uses that and the people who do never stick around to help others, > perhaps because they are too busy running their businesses. > "MH" <Nospam[at]aol.com> wrote in message > news:uDpvj.20348$eg3.2080[at]trndny05... > > I am tracking my employee's wages in Money. I enter it as a split amount > > with the gross amount as the positive#, then the withholding taxes as > > transfers from withholding accounts as a negative#. It adds up correctly > > but when I want a report of expenses it shows the gross amount not the net > > amount and that throws my balance off. How do I print a report showing > > only net pay. |
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| So you are not using the Paycheck type of transaction? What version/edition of Money? If M05 or more recent and not Money Essential (MEss) are you using Advanced Register? What kind of report are you using? Have you customized it? Are you using Essential or Advanced Reports? And now I note that you say "employees". If you are using one of the * Business * editions it may be much harder to get an answer as no regular here uses that and the people who do never stick around to help others, perhaps because they are too busy running their businesses. "MH" <Nospam[at]aol.com> wrote in message news:uDpvj.20348$eg3.2080[at]trndny05... - quote - > I am tracking my employee's wages in Money. I enter it as a split amount > with the gross amount as the positive#, then the withholding taxes as > transfers from withholding accounts as a negative#. It adds up correctly > but when I want a report of expenses it shows the gross amount not the net > amount and that throws my balance off. How do I print a report showing only > net pay. |
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#-1
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| I am tracking my employee's wages in Money. I enter it as a split amount with the gross amount as the positive#, then the withholding taxes as transfers from withholding accounts as a negative#. It adds up correctly but when I want a report of expenses it shows the gross amount not the net amount and that throws my balance off. How do I print a report showing only net pay. |
| Tags |
| gross, net, pay, reports, showing, wage |
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