Having an issue with Paycheck - date & transfers
Dorothy H
Member ✭✭
Recently started having an issue with paycheck transaction being properly recorded.
Paycheck is scheduled every two weeks and is a split transaction with multiple lines (taxes, insurance, savings, etc.). Several of the lines are transfers; for example, one line is a transfer to savings account.
In the past month or so, running into an issue with date and transfers being properly reflected. On deposit date, two transactions are now appearing. One transaction reflects the net deposit and looks typical and includes a line for the savings transfer. A second transaction appears in the amount of $50, which is the amount being transferred to savings. This second transaction, has all the split lines that my normal paycheck transaction has, but net amount is $50.
There are other transfer lines in this transaction and it seems like any line that is a transfer is having an issue. Unlike the savings account transfer, the other transfer lines are for items not set up with automatic download.
Anyone have any ideas what is causing this? I could just delete this scheduled transaction and re-set up.
Paycheck is scheduled every two weeks and is a split transaction with multiple lines (taxes, insurance, savings, etc.). Several of the lines are transfers; for example, one line is a transfer to savings account.
In the past month or so, running into an issue with date and transfers being properly reflected. On deposit date, two transactions are now appearing. One transaction reflects the net deposit and looks typical and includes a line for the savings transfer. A second transaction appears in the amount of $50, which is the amount being transferred to savings. This second transaction, has all the split lines that my normal paycheck transaction has, but net amount is $50.
There are other transfer lines in this transaction and it seems like any line that is a transfer is having an issue. Unlike the savings account transfer, the other transfer lines are for items not set up with automatic download.
Anyone have any ideas what is causing this? I could just delete this scheduled transaction and re-set up.
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John_M
Member ✭✭✭✭
It sounds as if you are relying on the transactions that are downloaded. I find that I can control things much better if I enter the transactions ahead of time and then match them to the downloaded transactions. From what I've read on this site, that's what many of the "SuperUsers" do also. I guess we've learned this from years of experience.
I set up my paycheck as you do, but I schedule it ahead of time in the Bills & Income tab. Try that and make sure that you enter the transaction before the download occurs.5
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I set up my paycheck as you do, but I schedule it ahead of time in the Bills & Income tab. Try that and make sure that you enter the transaction before the download occurs.
I currently have it set up with the paycheck transaction occurring on Friday (payday); however, bank processes paycheck during the Thursday night cycle. I have a feeling this mismatch is throwing things off.
I'm going to alter the paycheck scheduling date to Thursday and see if that works next time around.
1. I'll do it myself
2. Automatically
3. Before scheduled date
Currently I have the first option selected. Thinking I should change to #2 (automatically). This would ensure the transaction is entered prior to downloading, correct?
https://community.quicken.com/discussion/7878765/auto-match-q-mac#latest