Paycheck budgeting TRANSFERS are double counted

eblatner
eblatner Member ✭✭
I budget my paycheck and its gross amount. Then I have a category for every deduction. I have an HSA account and in the paycheck my 25 dollars a paycheck (twice a month) is categorizes as a transfer to the HSA account. I budget the paycheck in the budgeting tool.

In November my gross pay was 4034. After I entered everything it budgeted as 4084, 50 over. https://i.imgur.com/Qf5EkSC.png

In December my normal gross pay is 3914. The light green shows 3914. Which is what it should show, but after I enter the paychecks it double counts the HSA contributions. https://i.imgur.com/mpEN66j.png

When I change the category for my hsa contribution from a transfer and into a normal category everything lines up.

Basically when something is a TRANSFER on a paycheck it seems to double count the income in the planning tab.
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Comments

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Just so you know you can drag and drop images on the comment box to attach them.

    How are you selecting the HSA account?

    I did a simple test where I have a paycheck gross amount and then the taxes as one category, and then just added a transfer to an account (Amazon.com) for $111.  It all seems to be right.

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  • eblatner
    eblatner Member ✭✭
    Its like yours. "TO HSA ACCOUNT"

    Try adding both paychecks. And set the allocated budget for the paycheck to the gross amount.
  • eblatner
    eblatner Member ✭✭
    The amount in the budget status for my personal income is 50 dollars higher, but the "TO HSA ACCOUNT" under personal expenses is what it should be.
  • eblatner
    eblatner Member ✭✭
    edited November 22
    Here you can see my gross for the month is 2000. I have a pretax contribution of 100 a paycheck (200 a month) to SAVINGS. EVERYTHING ELSE on the budget is taxes.

    You can see it says my budget status for paychecks is 2200 and not 2000. If I change the TO SAVINGS to a normal category that isn't a transfer then it works as intended and shows 2000 for the paychecks for the month.
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Oh, I see the difference.  You are selecting the Paycheck in the budget.

    When you select Paycheck in the budget that is to select the "net amount".  It is for the people that don't want to budget the details of their paycheck, just the net amount.

    If you look at my example, I'm budgeting Salary Spouse, which is the gross amount of the paycheck.
    And then selecting each of the line items in that paycheck to budget.

    When you combine "net Paycheck" with line items from that paycheck it will double count.
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • eblatner
    eblatner Member ✭✭
    Okay cool. I selected Personal Income -> Salary Category and now it works. Thanks!
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