firm believer in there being no such thing as a stupid question but it can be
stupid to not ask one.
Regarding the category for Gross Pay: There should already be a default entry for this but it might be called Salary
or something else. I've modified my category list so much that I don't
recall what that default is. The best thing is to pull up Category List (under Tools) and then click on Personal Income on the left so only the income categories are shown. Then sort it by clicking 2 times on the Tax Line Item column header so all the tax line categories show up at the top of the list. Review the W2 tax line item categories
and use the appropriate one. If you don't like how that category is
named (i.e., Salary), you can edit it to change its name (i.e., Gross
Pay) by clicking on the category to highlight that line and then
clicking on the button in the Action column on the right. You
can create a brand new category for this if you wish but that is a
little more involved and it really provides no benefit over simply using
the default category.
Regarding the split category entries:
you created a new account just for your W2, here is another option you might
want to consider: Instead of doing a
single split category transaction you could do multiple transactions in the
account register, one for each debit and credit and each with the same 2019
transaction date. When you’ve accurately made all your entries
the ending balance in the account register will show $0.00. The main advantage of doing it this way is
that you can then see each of the transactions directly from the account
register without needing to take the additional step of also clicking on the
split category. You might also find it a
little bit easier to make any edits to fix any errors you might find. In addition, in some reports (where the data
is not filtered by category) the details of each of those transactions will
show up individually instead of showing as a single split transaction of $0.00. In the end, entering this way or via a single
split category transaction is just a matter of personal preference.
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