-=> Quoting WAYNE HICKS to BRIAN HILLIS <=-
 WH> Thank you very much for your reply.   Setting up the accounts is a
 WH> tedious matter.  I'm planning on continuing with the process for the
 WH> remainder of the calendar year.   How do you deal with your pay stub
 WH> when it comes in?   I used mine to create the 'budget'.   Should I do
 WH> something about the 'actual' figures from a paystub?
You bet.  I assume you deposit the check into an account, or have it
direct deposited.  Or hopefully deposit some of it.
Enter the amount deposited to that account as a deposit and theN 'split'
this transaction.  There should be examples and/or help in documentation
or help about splits.
For example, let's say your gross for this check is $1,000, and the
net was $650 (I'm making this up as I go.)
You deposit $650 to your account, then select 'split' (before you
get this entry totally 'entered'.  The split brings up a new screen.
Here you enter the $1,000 as a positive amount and assign it to some
kind of category.  Then you go down the detail on your check showing
each deduction's amount, setting up a category and/or subcategory
for each one.  For example Taxes could have subcats of Federal, State,
FICA1, FICA2.  Enter the amounts for each of these as negative amounts.
Salary                   $1,000.00
Tax:Fed                    -200.00
Tax:State                   -50.00
Tax:FICA1                   -62.00
Tax:FICA2                   -14.50
Auto Loan Deduction         -23.50
You don't bring this down to zero, the remining amount, $650, is the
amount you are depositing to start this transaction.  And Quicken
knows this and lets you end the split and then hit enter to actually
post the deposit with all the splits.  If you don't do the splits right
it will make a split entry for the difference, but you should not
have to let it do this, it should be in balance.
If your checks are the same or about the same every other payperiod
or so, give each a name.  I'm paid semimonthly and I have memorized
entrys of FirstHalf Check and LastHalf Check (with deductions differing
on the 2 checks) and the splits are also memorized and come along
with each unique check.  You might have to make a few adjustments,
but if you have standard deductions they will always be there in the
splits and not need to be reentered.
Then you can run reports on Tax:Fed, Tax:State and/or any other
deductions in your check stub.
If you take some cash out in cash, just have a CASH category and
enter as a negative the amount you take as walking-around-money.
You never see what you do with this unless like some of the other
threads in here you set up a separate CASH account.  I think you could
show a Transfer in a split to another account if you did this.
... Never call a man a fool, instead, borrow from him.
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