Edit a net paycheck to reflect deductions
Before you edit
a recurring paycheck deposit to reflect deductions, have a paycheck
stub handy.
Note: To perform this advanced task, you must
be using Advanced Bills. To find out if you're using Advanced
Bills, look for the Essential Bills or
Advanced Bills label in the upper-right corner of
the Bills summary page.
- At the top of the page, click Bills.
- If you're using
Essential Bills, you must switch to Advanced Bills to perform this
task.
- In the left pane
under Other tasks, click Change bill
settings.
- Click switch to Advanced Bills.
- Click Use Advanced Bills, and then click
OK.
- To return to the Bills summary page, click
Bills.
- Select the paycheck you want to edit.
- Click Edit, and then click Edit
deposit series.
- In the Category box, select
Paycheck, and then click
Details.
- On the Wages tab, in the
Amount column, type the gross amount shown on your
pay stub.
- On the Deductions Before Taxes tab, enter any
pretax deductions, such as a 401(k).
- On the Taxes tab, enter the amounts deducted
from your paycheck (such as Federal Income Tax and Social
Security).
- On the Deductions After Taxes tab, enter
post-tax deductions, such as contributions to savings
accounts.
- Review the totals in the table to make sure everything matches
your paycheck stub. Be sure to enter all deductions as positive
numbers.
- If the sum of the deductions plus your wages does not equal
your gross pay
(Wages or salary before taxes and other
deductions.) , an amount labeled Unassigned
appears. Double-check your pay stub and the numbers you entered
until the Unassigned amount equals zero.
- Click Done.
Tips
- On the Taxes tab, you can find most tax
categories already set up in Money. To view these tax categories,
in the Category box, scroll down to
Taxes.
- If you've set up your 401(k) in Money, you can enter it
automatically on the Deductions Before Taxes tab.
To view your 401(k), in the Category box, scroll
down to the Special section.
- To make a transfer on the Deductions After
Taxes tab, in the Category box, scroll
down to the Special section, and then click
Transfer: (the account to which you'll make the
transfer).