Split Salary

Question

Hi, I am new to Quicken and i have connected all my bank accounts, what I would like to know is how do I split my payment deposits so it shows Gross Income, Tax deductions and Net Income. What would be the best way to do this? Thanks in advance.

Bob_L · Accepted Answer

Go the reminders page.  CTL-J.  From there click on add income reminder at the top of the page.  At the bottom of that dialog that opens, I suggest you choose the option to use the paycheck wizard.  That will let you set it up as you wish.  I recommend doing gross with deductions as opposed to just the net amount.

Chris_QPW · Accepted Answer

Just to be clear since you are new to Quicken.  The paycheck reminder that you setup with what @Bob_L suggested will allow you to enter a transaction into your register with the proper amounts split out, and when you download the transaction you will be matching it to that transaction.