Hi All -

I'm having a problem which seems very basic, but I can't seem to find it answered in the KMM manual or forums.

I'm trying to enter a paycheck from a new employer, and record tax withholding and pension contributions. It's structured like this:

Gross salary $1000
Tax withholding $150
Pension contribution from salary sacrifice $100
Net pay $750
Post-withholding employer contribution to pension $200

So my question is: where should I enter this transaction? Into the register of my receiving bank account? This doesn't seem to work; at least, if I try to split the transaction, the effect is to mark $150 and $100 of the gross income as deriving *from* my tax and pension accounts. Is it possible to structure a transaction such that, for example, income is from a single source, but proceeds go to multiple receiving accounts?

Any advice much appreciated!!

Sure, that works very well. It's what I am doing here for a long time. My paycheck transaction has about 17 splits (some income related, some expense related).
Here's how to do it:

1. Enter a new transaction in the checking account ledger where you receive the 750.
2. Use an amount of 750
3. Enter the split transaction dialog
4. Enter a split with category Income/Salary (or similar) for 1000
5. Enter a split with category Tax (or similar) for -150 (that is minus 150)
6. Enter a split with category Pension for -100 (again: minus 100)

and you're set. I am not sure what the 200 for "Post-withholding employer contribution to pension" are good for and how they should fit in the calculation. Or is it that you only receive 550 in your account? In that case, start the transaction with 550 and add another split for that purpose about -200 as step g).

Or am I missing something completely?

ipwizard, your salary split method is great, but has one problem for me: I also manage my retirement account (401k) in the same KMM database. Right now, I have a scheduled transaction which feeds the associated brokerage account, but that money in reality comes straight out of my pay check. I would like to get rid of the schedule: it is fixed, and error-prone. But transferring a single entry from a split to another account is not possible. Just out of curiosity, how do you solve this? Also, if I use the same category for the split (let's say "401k contribution") as I use for the scheduled deposit to the investment account, then that category shows up as zero in income/expense reports, unless I exclude either account from the report. I could define two categories (one expense and one revenue) but that is not entirely satisfying either, because all operations are really mapped one-to-one here. Any advice?

transferring a single entry from a split to another account is not possible

Did you try it? AFAIK there is no restriction to have transfer and income/expense splits in the same transaction.

I have no idea how one would enter that. I don't think it is possible.

Simply entering the account as category in the split transaction editor should do it.

Awesome. I should have known that account is in the menu for a reason...

One problem though: If I generate the Income/Expense report for the 401k Brokerage account only, it lists my entire salary; not just the 401k part of the split. It also lists all other splits of my salary, while they bear no relationship whatsoever to this account (e.g. state and federal tax paid, insurance and social security withholdings, etc.). So, how do I know how much I put into my 401k every year?