Best Way to Setup a Paycheck

jbahensky2

What is the best way to set up my paycheck so I can track what I put towards taxes, HSA, Health Insurance, etc.....? I download my activity from WellsFargo which shows my net pay every two weeks but what is the best way to track my paycheck via Quicken for MAC?

John_in_NC

You set it up via a (scheduled) split transaction, with the total (Parent line) being the net, and (child) lines for the gross less each deduction. Obviously, how your paycheck is setup will determine you add the split child lines.

A picture helps here, so this is an example:



When you get your recent paystub, you "mark as paid" (the scheduled transaction), and adjust child lines if needed. Then, the download from WF will match this scheduled transaction when you update (downloaded) transactions.