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Subject Author Date
Set up paycheck & ignore extra few cents? Pierre 01-11-2008
Posted by Pierre on January 11, 2008, 11:36 am
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 Every week, my paycheck varies a cent or two. It bugs me to have to
continually manually edit the paycheck form every week to arrive at an
amount that agrees with the banks downloaded transaction, while having
my categories remain relatively accurate.

Is there a clever way around this inane circle of musical paychecks?

Pierre

Posted by Bob Wang on January 11, 2008, 12:19 pm
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 Pierre:

Perhaps you should consider yourself lucky.
Some people have paychecks that vary by thousands of dollars each pay
period.

Bob

>>>
Every week, my paycheck varies a cent or two. It bugs me to have to
continually manually edit the paycheck form every week to arrive at an
amount that agrees with the banks downloaded transaction, while having
my categories remain relatively accurate.

Is there a clever way around this inane circle of musical paychecks?

Pierre



Posted by John Pollard on January 11, 2008, 1:51 pm
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Pierre wrote:
> Every week, my paycheck varies a cent or two. It bugs me to
> have to
> continually manually edit the paycheck form every week to
> arrive at an
> amount that agrees with the banks downloaded transaction,
> while having
> my categories remain relatively accurate.
>
> Is there a clever way around this inane circle of musical
> paychecks?

This happens once in a while in our house; I have never
considered it much of an effort to make the modifications, to
the single scheduled paycheck transaction I have, as I "Enter"
the scheduled paycheck transaction in the checking account. [Or
just modify the net when I Enter, then accept the downloaded
"match", then later modify the deductions.]

If your differences are not predictable, there is no feasible
workaround.

But if you have, say, two different sets of gross/deduction
breakdowns, you can create two paycheck transactions and use the
appropriate one before you Accept the downloaded transaction.

[You can do the same for as many different paychecks (with
predicatble breakdowns) as you might have, but pretty soon, it
will be more work than it's worth I think.]

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by Oilcan on January 11, 2008, 2:47 pm
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I generally have two patterns for my paychecks as one is usually one cent
larger then another. So I have two paychecks template to handle this. My
deductions usually tied to FICA or Medicare but I don't detect any pattern
that it worth spending anymore time.

Oilcan
> Every week, my paycheck varies a cent or two. It bugs me to have to
> continually manually edit the paycheck form every week to arrive at an
> amount that agrees with the banks downloaded transaction, while having
> my categories remain relatively accurate.
>
> Is there a clever way around this inane circle of musical paychecks?
>
> Pierre


Posted by Charlie K on January 11, 2008, 5:05 pm
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> I generally have two patterns for my paychecks as one is usually one cent
> larger then another. =A0So I have two paychecks template to handle this. M=
y
> deductions usually tied to FICA or Medicare but I don't detect any pattern=

> that it worth spending anymore time.
>
>
>
>
>
> > Every week, my paycheck varies a cent or two. =A0It bugs me to have to
> > continually manually edit the paycheck form every week to arrive at an
> > amount that agrees with the banks downloaded transaction, while having
> > my categories remain relatively accurate.
>
> > Is there a clever way around this inane circle of musical paychecks?
>
> > Pierre- Hide quoted text -
>
> - Show quoted text -

The problem comes about from payroll systems that use percentage
calculations to calculate FICA and FUTA. Those taxes are due on gross
salaries for the year. So to insure the correct amount, they
calculate the amounts based on year to date salary, not just the
payroll period and rounding sometimes causes the amount to vary. At
least that's what the payroll department said when I asked once since
it wasa happening to me.

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