I want to qualify this answer:

You have to be very careful what you do with the first entry on the Wages
tab of a paycheck as it holds special significance to Tax Estimator. However
you set it up, if you use Tex Estimator check to make sure that the results
you are getting are sane.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uIEedE7OEHA.1388[at]TK2MSFTNGP09.phx.gbl...
- quote -

Probably not. I guess for me it would depend on what the stub printed and
how much math/lookup I had to do for myself.

<anonymous[at]discussions.microsoft.com> wrote in message
news:dbc901c43b67$ecd5a070$a501280a[at]phx.gbl...
- quote -

Thanks. One question, though. Is this any better than
just tracking the deposit on the 15th as wages & salary:
gross pay (and that's it, with no taxes or deductions),
and then subtracting that amount from the gross pay split
amount in the paycheck for the 30th?

- quote -

This thread has been done before. Do an advanced search
http://groups.google.com of newsgroup microsoft.public.money. I **think** my
advice at the time was to use a paycheck on the 15th that just has one entry
on the after tax tab of "negative" after tax expenses in the amount of the
check, expensed against some category like Other Income:Advance Pay. Then,
on the alternate paycheck, after taxes tab, have an exactly equal but
positive amount against the same category. Thus, these two net to $0. Money
tracks everything else off the entries on the end-of-month complete stub.
The after tax tab is to keep Money Tax Estimator happy. When entering an
expense against an income item, Money may complain depending on your
Tools|Options settings. Tell it to get over it.

"Artie" <anonymous[at]discussions.microsoft.com> wrote in message
news:c5cc01c4389d$3dc33240$a001280a[at]phx.gbl...
- quote -

Let's say I make 5,000 in gross earnings a month. My
company's electronic paystub only breaks out the taxes
and deductions on the monthly earnings, including 401k
transfers, which are made on the last day of each month.
The paystub shows the payment to my checking account made
on the 15th of each month as an "advance", and only shows
the net amount.

I've been only tracking net pay in Money for a few years
now, but I'd like to know of a way to track all the taxes
and 401k transfers as well. The only way I can think of
doing it is to input the paycheck for the 15th into my
checking account as Net Pay, and track gross pay and all
the taxes for the deposit I get on the 30th. I subtract
the 15th's net pay from the gross pay on the 30th when
entering it into money to make it all even out when doing
the splits. THe only problem with this is that money
then doesn't track my full gross pay... does this make
sense? In the monthly cash flow reports, it shows
NetPay: $$, and GrossPay: $$

Thanks for the help.