![]() ![]() If you're paid every two weeks, then it's often easiest to set the transaction to repeat every 14 days. This will bring up the Transaction Reminder dialogue box. Then right click (or Ctrl+Click or two finger touch on a Mac) the transaction and select “Memorize” from the menu which appears. To do so, first select the existing paycheck selection. In order to simplify the process of entering your paycheck each time, it's often easiest to create a reminder transaction. The total “Deposit” amount will now reflect the amount of your take-home pay. The remaining lines of the split will reflect any amount withheld from the check- federal, state, and local taxes, insurance premiums, Social Security and Medicare contributions, and any other items. The first line of the split is the “Salary” amount, which will be the gross income amount. ![]() Because I'm most familiar with United States Tax and withholding situations I'll use those as an example, but the same strategy can be used regardless of your country.įirst, we'll create a split transaction. Many people want to keep more detailed records of their paychecks, including the amount which is withheld for taxes, insurance premiums, Health Saving Account contributions, or other items. In other words, enter a transaction in the amount of your take-home pay. The first, and simplest manner, of entering a paycheck into Moneydance is to enter a transaction with a category of “Income” (or whatever you name your income category) in the amount of your net pay. There are two major methods of entering a paycheck into Moneydance. Please refer to the more recent knowledge base articles on this page ![]()
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