Thank you for the suggestion. We'll review your comments as this gets implemented.
01/04/2007 20:46:24
Shane
User
Re:Entering a paycheck
Here is an example of my paycheck if it is of any use in helping you think this through should you consider adding a feature. If you could just enter the gross amount, have a drop down menu that says Split, then split it according to expenses or transfers to other accounts, that would be ideal. Mine looks like this:
Expenses: Fed Withholding; State Withholding; County Withholding; Local Withholding; Soc Sec; Medicare; Health Ins; Dental Ins; Life Ins; Charity;
Transfers: automatic deposit to savings; automatic deposit to 401k; automatic deposit to checking acct #1; automatic deposit to checking acct #2; automatic deposit to Flexible Spending Acct;
I, for one like to budget for all these deductions/transfers since they are definitely a part of my net worth and monthly expenses.
For what it's worth, I love what you're doing here, and the features you already have are impressive. Just thought this might help spark some new ideas for the process of entering a paycheck. Thanks.
01/03/2007 16:25:49
support
Administrator
Re:Entering a paycheck
This brings up a good point. For now, creating a paycheck for taxes account would probably be the best solution. We'll give this some thought on how to setup gross paycheck amounts, but default the Recorded Transaction amount to be deposited being the net amount only.
01/03/2007 14:20:26
Shane
User
Entering a paycheck
What is the best way to enter your gross pay, then enter deductions/splits before depositing the net to a checking account? I could create a new "paycheck" account, then transfer the net to checking, but didn't know if there's a better way if you'd like to include your deductions in a budget.
