How to Enter a Paycheck and download Income from Bank (QMac)

jbahensky2

What is the best way to enter a paycheck so I can track items such as Insurance, Taxes Paid out, 401K, Employer Match, etc? I download my banking info from WF which includes my Net Pay amount but I want to track other items in my pay stub as well. What is the best way to do that for Quicken for Mac?

Ps56k2

setup a Income Reminder and use the Payroll Wizard (at the very bottom) to create the splits as a template

mshiggins

@Ps56k2 I am not sure if the Mac version has a paycheck wizard.

@jbahensky2 I've asked the moderators to move your question to a Mac category.

Ps56k2

ahhh .. if Qmac doesn't have the Payroll Wizard as part of the Income Reminder, then just set it up on your own with Splits - for the Gross pay and "minus" each line item for the various deductions resulting in the Net which will Match your downloaded amount

Jon

What I would do is create a split transaction with all the different expenses as line items in the split, something like this:

For the employer match what you would probably need to do is add two lines to the split, one line transferring the employer match to your 401K and a second line with the opposite amount categorized as an adjustment.

J_Mike

See this link for an example:

https://community.quicken.com/discussion/7932283/manually-enter-a-paycheck-with-splits-into-mac-quicken