Wages into two different accounts


G

GrandAdmiral

My company direct deposits my salary into two of my bank accounts. These
transactions dowload ok into my Money 2005. What I am having issues with is
how can I account for my deductions from gross wages for tax purpose? I can
always leave the transactions as "Income - Net Wages", but I want to be more
specific with my deductions. Can this be done?

Thank,s for the input.
 
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C

Chris Cowles

GrandAdmiral said:
My company direct deposits my salary into two of my bank accounts. These
transactions dowload ok into my Money 2005. What I am having issues with
is
how can I account for my deductions from gross wages for tax purpose? I
can
always leave the transactions as "Income - Net Wages", but I want to be
more
specific with my deductions. Can this be done?
Decide which account you consider your primary account. In that register,
create the transaction and categorize it as 'paycheck'. On the after-taxes
tab, enter the amount deposited into the secondary account, categorized as
'transfer: secondary account name'. You can right-click the saved
transaction and save it as a recurring transaction.
 

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