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Dissecting a paycheck in Quicken

 

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Subject Author Date
Dissecting a paycheck in Quicken Keith 02-18-2007
Posted by Keith on February 18, 2007, 8:36 pm
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I'm trying to adjust Quicken so that I can be a bit more diligent
about keeping it up to date. No question that the most cumbersome
part for me is my paycheck. I'm paid on commission, so my paychecks
are each slightly different. I currently have my paychecks set up as
a scheduled transaction, but it's just too difficult to go on the
scavenger hunt between the pdf I get from ADP and the various entries
in Quicken.

I have access to a piece of software that would allow me to set up an
extract from the PDF, and form a QIF file that can be imported into
Quicken. Can anyone help me understand what happens to a payched
after it's entered? I can see that it's doing more than just saving
the various pieces, since once entered, the paycheck cannot be re-
edited. I'm surmising from this that the paycheck gets spread out and
entered into the tax planner, transactions, etc. Can anyone spell
out the details of this? And if I simply import entries into the
various places, will that have the same effect as doing a scheduled
transaction with a paycheck? (Is it possible to import

I'm convinced that if I can automate my paychecks, I really can be
more disciplined with Quicken.


Posted by gklatv on February 18, 2007, 9:08 pm
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>... once entered, the paycheck cannot be re-edited.

I'm able to change/modify the paycheck in the register (after it's
been entered) just fine with Q2005D.



Posted by Keith on February 18, 2007, 9:14 pm
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>
> >... once entered, the paycheck cannot be re-edited.
>
> I'm able to change/modify the paycheck in the register (after it's
> been entered) just fine with Q2005D.

Ok, I do see how you do that. But that wasn't really the point. I
need a more efficient way of entering a paycheck rather than having to
manually type in each of the different parts of the paycheck. What
I'm trying to understand is how the granular information is maintained
inside Quicken. Which parts are meaningful and get propagated to
other parts of Quicken, such as tax planning, and which parts are just
collapsed into a subtotal somewhere. And once I understand that, can
these same entries be simulated by parsing the paycheck into a QIF
file and importing via QIF?

Thanks.


Posted by Andrew DeFaria on February 19, 2007, 1:25 am
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Keith wrote:
>> Ok, I do see how you do that. But that wasn't really the point. I
>> need a more efficient way of entering a paycheck rather than having
>> to manually type in each of the different parts of the paycheck. What
>> I'm trying to understand is how the granular information is
>> maintained inside Quicken. Which parts are meaningful and get
>> propagated to other parts of Quicken, such as tax planning, and which
>> parts are just collapsed into a subtotal somewhere. And once I
>> understand that, can these same entries be simulated by parsing the
>> paycheck into a QIF file and importing via QIF?
You'd probably waste a hellofa lot less time simply typing in each
different part of the paycheck!
--
Andrew DeFaria <http://defaria.com>
I went for a walk last night and my kids asked me how long I'd be gone.
I said, "The whole time."

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<meta content="text/html;charset=ISO-8859-1" http-equiv="Content-Type">
<title></title>
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<body bgcolor="#ffffff" text="#000000">
Keith wrote:
<blockquote
cite="mid1171851294.608731.270750@p10g2000cwp.googlegroups.com"
type="cite">
<blockquote type="cite">Ok, I do see how you do that. But that wasn't
really the point. I need a more efficient way of entering a paycheck
rather than having to manually type in each of the different parts of
the paycheck. What I'm trying to understand is how the granular
information is maintained inside Quicken. Which parts are meaningful
and get propagated to other parts of Quicken, such as tax planning, and
which parts are just collapsed into a subtotal somewhere. And once I
understand that, can these same entries be simulated by parsing the
paycheck into a QIF file and importing via QIF?<br>
</blockquote>
</blockquote>
You'd probably waste a hellofa lot less time simply typing in each
different part of the paycheck!<br>
<div class="moz-signature">-- <br>
<a href="http://defaria.com">Andrew DeFaria</a><br>
<small><font color="#999999">I went for a walk last night and my kids
asked me how long I'd be gone. I said, "The whole time."</font></small>
</div>
</body>
</html>

--------------000003050706040604010008--

Posted by gklatv on February 19, 2007, 7:25 am
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When the paycheck varies, it's hard to think of any other way of
inputting it but manually adjusting the "preset" numbers.



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