How to add a pay check
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anMoney Developer
Dec 2, 2010, 8:24:57 PM12/2/10
to anMoney Users
Entering salary details is fairly simple, basically it is just a split
transaction with one deposit and a bunch of payments for each
deduction.
- Create a new transaction by hitting the plus button
- Select the deposit button in the amount field enter your Net pay
(not the gross pay)
- Click "Split" next to the amount, It will display the Splits screen
with two lines.
- First line will just say the net pay amount, click on that. On the
pop-up, change the category to Gross Pay, replace the amount with your
gross pay amount. Hit Done. Now there will be an unassigned amount
(2nd footer line in red) that should equal to the sum of all your
deductions.
- Hit the "New Split" line, give it a category (Taxes, Medical or
whatever) and change the amount to your first deduction's amount
(leave the Payment button selected, since you are paying this). Click
done.
- Repeat the previous step for each deduction. You will notice that
the unassigned amount will decrease with each deduction added. Once
you entered all your deductions, the unassigned amount should be 0.
When this happens, hit Done once to close the Splits window and then
Add&Close to actually add the transaction.
transaction with one deposit and a bunch of payments for each
deduction.
- Create a new transaction by hitting the plus button
- Select the deposit button in the amount field enter your Net pay
(not the gross pay)
- Click "Split" next to the amount, It will display the Splits screen
with two lines.
- First line will just say the net pay amount, click on that. On the
pop-up, change the category to Gross Pay, replace the amount with your
gross pay amount. Hit Done. Now there will be an unassigned amount
(2nd footer line in red) that should equal to the sum of all your
deductions.
- Hit the "New Split" line, give it a category (Taxes, Medical or
whatever) and change the amount to your first deduction's amount
(leave the Payment button selected, since you are paying this). Click
done.
- Repeat the previous step for each deduction. You will notice that
the unassigned amount will decrease with each deduction added. Once
you entered all your deductions, the unassigned amount should be 0.
When this happens, hit Done once to close the Splits window and then
Add&Close to actually add the transaction.
marts
Dec 6, 2010, 4:24:25 AM12/6/10
to anMoney Users
Hi.
I've just followed this instruction. However, I have a large figure
which Anmoney tells me is outstanding.
I'm not sure what I'm doing wrong.
When you say "create a new transaction", presumably first I have to
select a bank account. I did this.
However, my pay goes into 4 different accounts. It's done
electronically.
OK, say my pay is $1,000 gross.
I have the following taken out:
$100 tax.
$20 health insurance
$20 union fees
$200 car lease payment
$100 to my wife's account
$50 to a 2nd account
$50 to a 3rd account
$50 to a loan
The balance goes into my main savings account which should be $510.
Presumably this is my "nett pay"?
However, I have some figure, say it's $650 or something like that. (I
don't wish to tell the world my private finances.)
Anyway, presumably the money that goes to bank accounts are payments
and the "transfer" option is checked so that dough can be transfered
directly into each account in AnMoney, right?
There's a significant amount left over and I can't figure it out.
Thanks.
I've just followed this instruction. However, I have a large figure
which Anmoney tells me is outstanding.
I'm not sure what I'm doing wrong.
When you say "create a new transaction", presumably first I have to
select a bank account. I did this.
However, my pay goes into 4 different accounts. It's done
electronically.
OK, say my pay is $1,000 gross.
I have the following taken out:
$100 tax.
$20 health insurance
$20 union fees
$200 car lease payment
$100 to my wife's account
$50 to a 2nd account
$50 to a 3rd account
$50 to a loan
The balance goes into my main savings account which should be $510.
Presumably this is my "nett pay"?
However, I have some figure, say it's $650 or something like that. (I
don't wish to tell the world my private finances.)
Anyway, presumably the money that goes to bank accounts are payments
and the "transfer" option is checked so that dough can be transfered
directly into each account in AnMoney, right?
There's a significant amount left over and I can't figure it out.
Thanks.
anMoney Developer
Dec 6, 2010, 5:08:37 AM12/6/10
to anMoney Users
Hi there,
The total amount of deductions in your example is $590
(100+20+20+200+100+50+50+50=590), so your Net pay should be $410, not
$510.
Tom
> > Add&Close to actually add the transaction.- Hide quoted text -
>
> - Show quoted text -
The total amount of deductions in your example is $590
(100+20+20+200+100+50+50+50=590), so your Net pay should be $410, not
$510.
Tom
>
> - Show quoted text -
anMoney Developer
Dec 6, 2010, 5:12:37 AM12/6/10
to anMoney Users
Here's what you screen should look like (I made up the category names
and account names)
Wages & Salary : Gross Pay 1000.00
Insurance (100.00)
Fees (20.00)
Automobile (200.00)
To Wife (100.00)
Etc....
Sum of splits: 580.00
Unassigned: (70.00)
Transaction total: 510.00
"Wife" is the name of your missus' account. The "Unassigned" part
goes down with every deduction entered until it becomes 0.00.
and account names)
Wages & Salary : Gross Pay 1000.00
Insurance (100.00)
Fees (20.00)
Automobile (200.00)
To Wife (100.00)
Etc....
Sum of splits: 580.00
Unassigned: (70.00)
Transaction total: 510.00
"Wife" is the name of your missus' account. The "Unassigned" part
goes down with every deduction entered until it becomes 0.00.
marts
Dec 6, 2010, 5:33:21 PM12/6/10
to anMoney Users
I'm getting negative values next to each split.
Eg:
Tax -$200
Wife -$50
Health Insurance -$21.40
and so on.
Your example below shows positive values. Is this correct?
Eg:
Tax -$200
Wife -$50
Health Insurance -$21.40
and so on.
Your example below shows positive values. Is this correct?
marts
Dec 6, 2010, 6:50:56 PM12/6/10
to anMoney Users
OK, I give up.
I have tried this three times now.
At one point, when I get to the end of the split transactions I have -
$100 showing in the unassigned money. If I say, enter that for a misc.
category just to see if it balances, that value then goes to -$200.
The difference between what actually goes into that account and what
I'm seeing when I try to conclude the transaction is some odd figure
that doesn't line up with any of my deductions.
ie. I subtract what actually went into my bank account versus what
this is saying and that figure doesn't equate to anything.
Until I can figure it out I'll just do it manually. That is, I'll
enter in a deposit transaction into each account.
Cheers
Martin
I have tried this three times now.
At one point, when I get to the end of the split transactions I have -
$100 showing in the unassigned money. If I say, enter that for a misc.
category just to see if it balances, that value then goes to -$200.
The difference between what actually goes into that account and what
I'm seeing when I try to conclude the transaction is some odd figure
that doesn't line up with any of my deductions.
ie. I subtract what actually went into my bank account versus what
this is saying and that figure doesn't equate to anything.
Until I can figure it out I'll just do it manually. That is, I'll
enter in a deposit transaction into each account.
Cheers
Martin
anMoney Developer
Dec 6, 2010, 7:35:57 PM12/6/10
to anMoney Users
Martin,
If you had -100 in unassigned and then it went to -200 instead of 0,
you entered it with the wrong deposit/payment option set, it is really
as simple as that.
First of all, you need to figure out that your actual paystub balances
or not. If that's wrong somehow, or you don't understand the
withdrawals/deductions, you will never be able to enter it properly.
Once you made sense of your actual paystub and convienced yourself
that
the net pay was correct, what you want to do is when you enter into
anMoney is make sure all your pays are a postive number and all your
deductions are negative
Tom
If you had -100 in unassigned and then it went to -200 instead of 0,
you entered it with the wrong deposit/payment option set, it is really
as simple as that.
First of all, you need to figure out that your actual paystub balances
or not. If that's wrong somehow, or you don't understand the
withdrawals/deductions, you will never be able to enter it properly.
Once you made sense of your actual paystub and convienced yourself
that
the net pay was correct, what you want to do is when you enter into
anMoney is make sure all your pays are a postive number and all your
deductions are negative
Tom
marts
Dec 6, 2010, 9:02:58 PM12/6/10
to anMoney Users
Hi Tom.
I followed your instructions to the letter. I repeated this exercise 3
times. I made sure that each split was a payment, not a deposit.
Just in case I am misunderstanding the basic concepts here, I used
what goes into my primary bank account as my "nett pay".
I then followed the instructions with the split to set up my gross
pay.
Gross pay minus tax, minus health insurance, minus car lease payment
minus bank transfers to other banks should then equal what's left to
go into my primary bank account, right?
I printed out my pay slip (it's an online service). I ticked off each
deduction as I entered them.
I don't know where I'm going wrong, or if indeed, I am doing something
wrong. When I get time I'll give it another shot.
Cheers
Martin
I followed your instructions to the letter. I repeated this exercise 3
times. I made sure that each split was a payment, not a deposit.
Just in case I am misunderstanding the basic concepts here, I used
what goes into my primary bank account as my "nett pay".
I then followed the instructions with the split to set up my gross
pay.
Gross pay minus tax, minus health insurance, minus car lease payment
minus bank transfers to other banks should then equal what's left to
go into my primary bank account, right?
I printed out my pay slip (it's an online service). I ticked off each
deduction as I entered them.
I don't know where I'm going wrong, or if indeed, I am doing something
wrong. When I get time I'll give it another shot.
Cheers
Martin
anMoney Developer
Dec 6, 2010, 9:29:20 PM12/6/10
to anMoney Users
Martin,
> Just in case I am misunderstanding the basic concepts here, I used
> what goes into my primary bank account as my "nett pay".
The net pay is the bottom line of your payslip. Yes, that's what
should go into your primary bank account.
> Gross pay minus tax, minus health insurance, minus car lease payment
> minus bank transfers to other banks should then equal what's left to
> go into my primary bank account, right?
Yes, but does you payslip have any additional monies you receieve,
such as overtime pay, bonus, commisions, reimbursements, allowances,
etc. If you have any of those, you need to include that as a positive
amount line item in your splits as well.
By gross pay I mean if your base salary is $60,000/yr, your gross pay
would be 60/12 = $5,000. But if you did some overtime, you will get
paid for those hours above your gross pay.
>
> I printed out my pay slip (it's an online service). I ticked off each
> deduction as I entered them.
>
Does the anMoney split screen shows the gross pay and all the
deductions you have checked off?
Tom
> Just in case I am misunderstanding the basic concepts here, I used
> what goes into my primary bank account as my "nett pay".
should go into your primary bank account.
> Gross pay minus tax, minus health insurance, minus car lease payment
> minus bank transfers to other banks should then equal what's left to
> go into my primary bank account, right?
such as overtime pay, bonus, commisions, reimbursements, allowances,
etc. If you have any of those, you need to include that as a positive
amount line item in your splits as well.
By gross pay I mean if your base salary is $60,000/yr, your gross pay
would be 60/12 = $5,000. But if you did some overtime, you will get
paid for those hours above your gross pay.
>
> I printed out my pay slip (it's an online service). I ticked off each
> deduction as I entered them.
>
deductions you have checked off?
Tom
marts
Dec 7, 2010, 3:36:42 AM12/7/10
to anMoney Users
On Dec 7, 1:29 pm, anMoney Developer <android.mo...@gmail.com> wrote:
> The net pay is the bottom line of your payslip. Yes, that's what
> should go into your primary bank account.
Good, then that is the value that I enter initially.
> The net pay is the bottom line of your payslip. Yes, that's what
> should go into your primary bank account.
> Yes, but does you payslip have any additional monies you receieve,
> such as overtime pay, bonus, commisions, reimbursements, allowances,
> etc. If you have any of those, you need to include that as a positive
> amount line item in your splits as well.
> Does the anMoney split screen shows the gross pay and all the
> deductions you have checked off?
Thanks for persevering with this. It's appreciated.
marts
Dec 9, 2010, 9:33:45 AM12/9/10
to anMoney Users
I finally got it to work. Not sure what I did wrong previously. I may
have tapped "add split" instead of tapping on the line of the
transaction (for net pay) first.
Anyway, I have entered it as a recurring transaction every fortnight.
I just have to figure out how to work it for when I work overtime,
public holidays, higher duties and so on, is all. As any of these
affects the total gross and hence how much tax I pay and my take home
pay.
have tapped "add split" instead of tapping on the line of the
transaction (for net pay) first.
Anyway, I have entered it as a recurring transaction every fortnight.
I just have to figure out how to work it for when I work overtime,
public holidays, higher duties and so on, is all. As any of these
affects the total gross and hence how much tax I pay and my take home
pay.
martin_p...@hotmail.com
Dec 31, 2010, 12:35:32 PM12/31/10
to anMoney Users
still, because I need to be able to break down the deposit itself into
split subcategories (basic pay, geographical weighting, overtime, some
piecework payments, etc) as well as different categories of deduction.
MS Money has a dedicated dialogue box to help with the splits for pay
cheques, and implementing something similar might help prevent
confusion.
anMoney Developer
Dec 31, 2010, 8:39:23 PM12/31/10
to anMoney Users
Hi, the MS Money wizard is not much more than a split dialog where
deposits are payments are seperated out. I never felt it added that
much value. Perhpahs I will include something like that in the
future.
On Jan 1, 1:35 am, "martin_pentre...@hotmail.com"
deposits are payments are seperated out. I never felt it added that
much value. Perhpahs I will include something like that in the
future.
On Jan 1, 1:35 am, "martin_pentre...@hotmail.com"
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