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Old 05-18-2004, 12:30 PM
Dick Watson
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Default Re: Linking paycheck category to net pay

Since the Paycheck is screwed into the Tax Estimator and Lifetime Planner
(among others), you probably want to use it.

As to "net pay", one way to get where you want is to customize a transaction
report to the categories in question. Set the categories to include the
income and expense categories of interest. The balance at the bottom will be
the income items less the expense items. Some people consider net pay as
Gross - Taxes - Employee-paid Benefits. You might just consider it the net
amount of the paycheck. It depends on the question you want to answer.

"Oatlord" <oatlord[at]yahoo.com> wrote in message
news:e7cf01c43cba$c495ed00$a501280a[at]phx.gbl...
- quote -

> I'm new to this product. I'm currently entering all my
> paychecks using the paycheck category. I can break down
> all the deductions, taxes, gross pay, etc using it, but
> the only bad thing about this is that I have no way to
> track net pay. It seems like net pay in this case (for
> me) should = paycheck, but I can't seem to get Money to
> make that understanding. Is there a way to accomplish
> this, or is this not possible? Also, is there any reason
> why I wouldn't want to enter my paychecks in using the
> paycheck category?



  #-1  
Old 05-18-2004, 09:30 AM
Oatlord
Guest
 
Posts: n/a
Default Linking paycheck category to net pay

Hi all,

I'm new to this product. I'm currently entering all my
paychecks using the paycheck category. I can break down
all the deductions, taxes, gross pay, etc using it, but
the only bad thing about this is that I have no way to
track net pay. It seems like net pay in this case (for
me) should = paycheck, but I can't seem to get Money to
make that understanding. Is there a way to accomplish
this, or is this not possible? Also, is there any reason
why I wouldn't want to enter my paychecks in using the
paycheck category?
 

Tags
category, linking, net, pay, paycheck
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