Re: Convert downloaded deposit into "Paycheck"

[John Pollard]

"Evan Platt" wrote

I'm probably not wording this right... I do a One Step update, and my
paycheck deposit is entered.

I must be missing it, is there a way to edit that line so it asks for
the deductions, taxes, etc? RIght now the only way I see to do it is
go to Bills / Income & Reminders, and add the paycheck?

Hope this makes sense. Thanks :)

(Q2018 if that matters)
------------------------------------------------------------

Why don't you want to create a Quicken paycheck transaction (in Bill &
Income Reminders)?

When you have the paycheck Reminder setup, you Enter the Reminder paycheck
before you Accept the downloaded paycheck transaction.

Then you make sure the downloaded paycheck transaction gets a Status of
"Match" (to the Quicken paycheck transaction generated from your paycheck
Reminder).

[Sherlock]

On 2018-04-18 02:28:29 +0000, Evan Platt said:

> On Tue, 17 Apr 2018 21:13:12 -0500, "John Pollard"
> <inv...@invalid.com> wrote:
>
>> Why don't you want to create a Quicken paycheck transaction (in Bill &
>> Income Reminders)?
>>
>> When you have the paycheck Reminder setup, you Enter the Reminder paycheck
>> before you Accept the downloaded paycheck transaction.
>>
>> Then you make sure the downloaded paycheck transaction gets a Status of
>> "Match" (to the Quicken paycheck transaction generated from your paycheck
>> Reminder).
>

> I do have it set up as an income reminder. I get paid Thursday,
> however Thursday and Friday is my weekend, so while I can download
> transactions Thursdays and Fridays, I don't have my paystub until
> Saturday (we can't download paystubs outside of the office LAN).

To edit a paycheck transaction previously entered in a register: select
the transaction and press Ctrl + S.

[John Pollard]

"Evan Platt" wrote

> Sherlock wrote:
>To edit a paycheck transaction previously entered in a register: select
>the transaction and press Ctrl + S.

Hmm - that brings up the Split Transaction menu?
--------------------------------------------------------------
CTRL+SHIFT+S should open any split transaction that has a form ... as a
plain split transaction without the form.

CTRL+S (which Sherlock suggested) should open a split transaction that has a
form, using its form.

But it should not matter; a "paycheck" with gross and deductions is always a
split transaction (and you can create it that way from scratch, if you
choose). When you tell Quicken to create a "Paycheck", you get a "form"
superimposed on the split transaction ... but the form is not a requirement
for a transaction to function as a paycheck (*).

If you wised, you could intentionally open a paycheck transaction with
CTRL+SHIFT+s, modify the split lines, then Save it.

As far as not knowing the correct paycheck splits until after the downloaded
transaction is received:

There are a couple of ways to deal with your situation - they each entail
Entering the Reminder first, then modifying the the transaction Entered from
that Reminder.
- Do not Accept the downloaded transaction until you get the pay stub. Then
modify the Reminder created transaction, then Accept the downloaded
transaction (when the Entered register paycheck transaction is "corrected",
Quicken should change the downloaded transaction's Status to "Match").
- Manually match the downloaded transaction to the Reminder created
transaction as soon as the downloaded transaction is received. That will
(temporarily) alter the net transaction amount and create an "Adjustment"
split line in the register paycheck transaction (assuming the net amounts
are different). Then modify the register transaction (including deleting the
"Adjustment") later when you have the paystub.

[(*) At one time, I believe, you needed to allow Quicken to create its
"Paycheck" transaction (which will have the form), if you wanted 401k
contributions to be handled completely correctly. Not sure that's still the
case.]