Please allow for deductions in income transaction

Kikilee

That's it. Paychecks typically have taxes taken out that we want to track and many also have expenses taken directly from our paycheck, like health insurance, union fees, or retirement contributions. To acknowledge those payments, I have to create two separate transactions.

Wedo778

I'd love to track these things, but how would this work? When I get my pay deposited into my bank account, none of these deductions are passed along with it. Simplifi can only track what it is sent in the transaction details.

Coach Jon

Hello @Kikilee,

Thanks for reaching out! We went ahead and turned this idea post into a discussion so that we can determine what exactly it is you are asking for. Do you mean that you would like Quicken Simplifi to automatically track the deductions taken from your paycheck when pulling in transactional data? Please let us know!

@Wedo778, here is a great support article we have that goes over pre-deposit paycheck deduction tracking! https://help.simplifimoney.com/en/articles/5983781-how-to-track-pre-deposit-paycheck-deductions

Thanks,

Coach Jon

Wedo778

Right, but thats all a manual add every paycheck right, it won't "remember" the splits next time? Or are you @Coach Jon saying it will remember the entire split if you set up a paycheck series with all of those variables?

Coach Jon

Hello @Wedo778,

Thanks for the reply. That is not supported as of yet, but we do have an existing idea post that you may vote for and follow for updates here!

https://community.simplifimoney.com/discussion/98/using-splits-multiple-categories-in-recurring-transactions-4-merged-votes

Thanks,

Coach Jon

Wedo778

Thanks @Coach Jon , thats what I thought but I wanted to make sure I wasn't missing anything here.