Hi All,
How do we process paychecks in KMymoney where you include payroll deductions to calculate net pay because net pay is what the "bank account sees" and this provides a more realistic account of where all the money is going.

oldcraftsman

This is easily handled by using split transactions. My salary payment has around 15 splits to cover gross income, taxes, insurance deductions etc. and I use this feature for the last 17 years in KMyMoney. Some more information about split transactions can be found in the online manual.

For regular payments you can setup a scheduled transaction with all the details and once the payment comes in, you simply enter the schedule and keep all the details. In case adjustments are necessary you can do them during the data entry and select if you want to apply the changes once or keep them for future payments. In case you use online transaction download, KMyMoney can even match the payment against the schedule and add all the details automatically into the ledger.

Hope that helps.

This is without problems dealt with through the use of cut up transactions. My revenue price has round 15 splits to cowl gross income, taxes, coverage deductions etc. and I use this selection for the closing 10 years in KMyMoney. Some greater statistics approximately cut up transactions may be determined with inside the on line manual given with payroll

For everyday bills you could setup a scheduled transaction with all of the info and as soon as the price comes in, you actually input the agenda and hold all of the info. In case changes are essential you could do them at some stage in the records access and choose in case you need to use the modifications as soon as or hold them for destiny bills. In case you operate on line transaction download, KMyMoney may even healthy the price in opposition to the agenda and upload all of the info robotically into the ledger.

Hope that helps.