"Simplifi says: To enter a paycheck with deductions in Quicken Simplifi, you'll need to split the transaction accordingly. First, use the net amount of your paycheck as the Total. Then, assign the primary split using an Income Category such as "Paycheck" and enter the gross amount of your paycheck as a positive number. Next, add as many split lines as needed, categorize each of the lines accordingly, and enter the amount of each deduction according to your paystub. The final total should equal the net amount of your paycheck."
OK once this is done, the amount in the transaction register shows as a split with the net amount showing as the total which corresponds with the net bank deposit downloaded so both ledgers reconcile.
BUT . . . when you run an income report in Simplifi the 'paycheck' category displays in the report as the gross amount not the net amount as appears when you scroll down the report to view the transactions in the ledger.
This is an important distinction because the report is not displaying the amount actually assigned to the income category in the split. The gross value from which deductions are being taken is a bit of a 'false positive'.
