Distributing to specific categories.

1958usmc
1958usmc Member ✭✭
I receive two pensions and the form that Quicken provides does not distribute the individual amounts e.g., taxes, deductions, etc. to the proper categories for year end reports. For example. SS, the total amount is not what should be recorded as income, only the "W2 Gross amount."

Best Answer

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Answer ✓
    1958usmc said:
    In order to do that I would not be able to use the form Quicken provides for paychecks.
    Pensions and social security for that matter aren't paychecks.  One can try to cram them into the paycheck reminder, but it is easier just to use a split transaction.
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭
    Try splitting that deposit to reflect the categories as you need them.
    Total Amount would be a positive number, with negative numbers for the other lines to bring the net amount down to what's actually received.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • 1958usmc
    1958usmc Member ✭✭
    In order to do that I would not be able to use the form Quicken provides for paychecks.
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Answer ✓
    1958usmc said:
    In order to do that I would not be able to use the form Quicken provides for paychecks.
    Pensions and social security for that matter aren't paychecks.  One can try to cram them into the paycheck reminder, but it is easier just to use a split transaction.
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • 1958usmc
    1958usmc Member ✭✭
    Ok, thanks Chris, I will not use the Paycheck form.
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