
Can I enter a paycheck END DATE to budget for retirement? (3 Merged Votes)

Comments
-
Curious. Because I just took a look at various Income and Bill reminders that I have set up ... and the Paycheck transaction is the only one that I couldn't find an "end date" in the Income Reminders either.
So, I suspect that you'll have to go to Planning to set a retirement date. RE: job changes, you'll just have to adjust manually the scheduled transaction.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP1 -
Hello pdymersk,
That is a great question and Welcome to the Community!
Unfortunately, the paycheck reminders do not currently have the ability to set an end date but I think that is a great idea and would be a valuable addition to the program so I have changed your question to an "Idea" post instead.
The Idea posts can be voted on by other members of the Community and are reviewed directly by the Development teams for input on what future functions or features are being requested. The more votes an Idea receives, the higher it is prioritized by Development for possible implementation.
Thank you,
Sarah1 -
Agreed, this should be an option. A couple years back, I worked around the problem by entering the reminders in the register up to my retirement date. Then I deleted the master paycheck reminder in the table. It was annoying having the future entries in the register for a few months but the budgeting and cash flow were accurate. As each of the final paychecks was downloaded into the register, I tweaked the deductions like always and then one day, I was retired.
Congratulations by the way.0 -
From C. D. Bales:
Unless your paycheck includes 401k contributions (*); I believe you can use a plain split transaction for your paycheck, which will give you control over the paycheck end date.
To see how the plain split transaction should look, you can either:
- hold down CTRL+SHIFT while opening a paycheck transaction in its account
register or
- create a report that includes a paycheck, with the Customize option "Show splits" checked.
[ (*) You can even create a plain split transaction that includes the correct split lines for 401k contributions, but I think that transaction will not update the "Tax Impact of 401(k) Accounts" hidden Quicken account ... which has an impact on Tax reports. If you are using a Quicken Paycheck that has 401k contributions, you can check the Tax Schedule or Tax Summary report to see the effect of the "Tax Impact of 401(k) Accounts" account.]Quicken user since Q1999. Currently using QW2017.
Questions? Check out the Quicken Windows FAQ list0 -
Hello Sarah! I've been trying to suggest an End Date to paychecks too. We get salary increases, so I would like to setup an end to the current and start a new one with new amount.Hello pdymersk,
That is a great question and Welcome to the Community!
Unfortunately, the paycheck reminders do not currently have the ability to set an end date but I think that is a great idea and would be a valuable addition to the program so I have changed your question to an "Idea" post instead.
The Idea posts can be voted on by other members of the Community and are reviewed directly by the Development teams for input on what future functions or features are being requested. The more votes an Idea receives, the higher it is prioritized by Development for possible implementation.
Thank you,
Sarah0 -
Sonia,Hello pdymersk,
That is a great question and Welcome to the Community!
Unfortunately, the paycheck reminders do not currently have the ability to set an end date but I think that is a great idea and would be a valuable addition to the program so I have changed your question to an "Idea" post instead.
The Idea posts can be voted on by other members of the Community and are reviewed directly by the Development teams for input on what future functions or features are being requested. The more votes an Idea receives, the higher it is prioritized by Development for possible implementation.
Thank you,
Sarah
if you haven't done so already, please click the "VOTE" button on top of this webpage to make your vote really count.
You're not the only one who's looking for END DATE support on paychecks.
Teachers could use this, too, when they're out on summer break without a paycheck coming in.0 -
Done!Hello pdymersk,
That is a great question and Welcome to the Community!
Unfortunately, the paycheck reminders do not currently have the ability to set an end date but I think that is a great idea and would be a valuable addition to the program so I have changed your question to an "Idea" post instead.
The Idea posts can be voted on by other members of the Community and are reviewed directly by the Development teams for input on what future functions or features are being requested. The more votes an Idea receives, the higher it is prioritized by Development for possible implementation.
Thank you,
Sarah0 -
Others have requested this and it would be nice. I need it for tax scheduling in the Tax Planner. The Planner uses the Paycheck schedule to show projected income and tax due. The Planner needs to know when the paychecks ends so to predict how current capital gains, interest and dividends today affect the final outcome at years end. This particular paycheck is ending 6 months from now when my wife retires. As it is, the Planner assumes the paycheck is there all year. Not good for planning.
---- Quicken User since 1998 ----
0 -
I'm not sure about the Tax Planner ... I always thought it would stop calculating paychecks at your retirement date.However, there is another Idea post here in the Community about setting an End Date for Paycheck Reminders. This function currently is not available.
https://community.quicken.com/discussion/7721794/can-i-enter-a-paycheck-end-date-to-budget-for-retirementNow I just have to find out how we can vote on this Idea post to make the programmers hear us loud and clear ... I'll get back to you.[Edited, UKR: It appears that 2 or more discussions were merged. Ignore the circular reference.
How to vote is explained later in this discussion]0 -
Ideas appear to have a vote count displayed within the topic on the home page.
user since '92 | Quicken Windows Premier - Subscription | Windows 11 Pro version 22H2
0 -
Maybe function not activated yet? I cannot find either.
user since '92 | Quicken Windows Premier - Subscription | Windows 11 Pro version 22H2
0 -
This would be great, not only to end paychecks at retirement, but to change amounts when we get pay raises, for example!0
-
Sonia said:This would be great, not only to end paychecks at retirement, but to change amounts when we get pay raises, for example!When you get a raise, just edit the existing paycheck reminder to reflect the new amounts.And there's NO WAY that Q could automate this ... because Q has no way of knowing when/is you get raises, or the amounts. Even if you download, Q only sees the Net amount of the check ... not all of the split components.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
I'm a contractor and I get paychecks for the duration of a contract. This may be a week, it may be a year or more. I want to capture the full detail of my paycheck so I break it out by taxes, deductions et al. I enter my paychecks into the Quicken Planner but I don't want any particular paycheck to continue when I know what the end date of my position is. This change will allow for beter planning for people in the position I just described.1
-
Hello @Hysterium
Thank you for taking the time to visit the Community to post your question, although I apologize that this feature isn't currently offered.
I have moved your post to the ongoing Idea thread to add this ability.
Be sure to navigate to the top of this post and click the up arrow to add your vote!
Ideas are reviewed by our development team to see what people would like to be available in the future.
Thank you,
-Quicken Tyka
~~~***~~~0 -
Another use case for this: I want to track paychecks in the last few months of the year that have a higher net pay amount due to hitting the social security maximum for the year. Ideally I could remove the split line for the social security deduction from paychecks until 12/31 and then start a new paycheck series with the split line for social security amounts added back in on 1/1.
This seems like a no-brainer to me. There are other solid use cases for this listed above too. Contract work, retirement, pay raises with a future effective date, etc.1 -
This can only be done on the date of your last paycheck.
If you attempt to enter it early, Quicken uses the start date as the beginning date and flushes all earlier reminders.
'Edit this instance and future instances',
Set frequency to 'Only once'.
Then select 'Done'.0 -
Any chance that this can be implemented anytime soon?QWin Premier user since 1997. QWin Premier subscription on Windows 10 & 11. I don't use mobile & web or bill pay.1
-
Really would like to see this implemented. Voted for this a couple years ago & still waiting. This should of been an easy update.0
-
I too am retiring in July and I would like to put an end date to the paycheck.0
-
I'll be retiring at end of March 2022, so it looks like I'll be retired before this gets fixed.QWin Premier user since 1997. QWin Premier subscription on Windows 10 & 11. I don't use mobile & web or bill pay.0
-
I'm also retiring mid-year and having a paycheck end date would be great. I see this has been an issue since 2018, so not likely going to happen. Too bad, I've been using quicken since 2011.0
-
In fact, this suggestion has been put in many times over the years, maybe this time they will implement it.
For any person that doesn't have "continuous" paychecks this is a major flaw.
For example, a schoolteacher, that doesn't work in the summer.
And note this throws off the Tax Planner prediction which depends on the scheduled transactions.Signature:
This is my website: http://www.quicknperlwiz.com/0 -
Please implement this? Among other things, it affects budgets. Why in the world this wasn't done decades ago is baffling to me.0