Paychecks recognized during bank download?

[Guest]

Hi,

Just getting started with Quicken 2003 Premier.

How can I get paychecks downloaded from my bank account to be
recognized as the Paycheck I've setup in Quicken? When I go to the
Cash Flow register and force the Paycheck as a "scheduled transaction"
it comes up with a category of "FORM" and lists all the deductions
properly.

However, the amount which comes in from my bank has been assigned
"SALARY" and doesn't reflect all the splits-- how do I get those two to
match?

How can I go back in history and force the match?

Thanks,

Glen

glen_leslie@pobox.com wrote: Hi, Just getting started with Quicken 2003 Premier. How can I get paychecks downloaded from my bank account to be recognized as the Paycheck I've setup in Quicken? When I go to the Cash Flow register and force the Paycheck as a "scheduled transaction" it comes up with a category of "FORM" and lists all the deductions properly. However, the amount which comes in from my bank has been assigned "SALARY" and doesn't reflect all the splits-- how do I get those two to match?

The "scheduled" paycheck transaction must be in your Quicken
account register before you "accept" the downloaded paycheck
transaction from the bank. Then the downloaded transaction will
be a "match" to the existing register transaction and the
existing register transaction will control the categorization
(and everything else except the "Posting Date" and the
"Downloaded" flag).
How can I go back in history and force the match?

I don't think you can do this in a straightforward way, but you
might be able to get the result you want, though I am not sure
whether it will be worth the effort.

Assuming your paycheck is either: the same every paycheck, or
there are a known number of variations in net which occur at
known intervals (and you have setup one scheduled transaction
for each different net amount); you can try the following
(backup first so you can return to the backup if you do not like
the results).

Delete all the existing paycheck transactions. Modify your
Scheduled paycheck transaction so it's (Next) Date is the date
of the first historical paycheck transaction that you want to
replace and make sure the "How often" box reflects the correct
paycheck frequency. Also modify the Scheduled paycheck
transaction to "Enter without prompting". Close Quicken, then
restart Quicken. All the back paycheck transactions should be
in your register; if you do not like the automatic entry
feature, modify the Scheduled transaction to "Promt me to enter
....".

This may create some issues if the paycheck transaction contains
Transfers and the accounts that receive the transfers have
already been updated separately to contain those deposits. You
will have to research the impact of this sort of potential
problem for your specific situation.

--
John Pollard
First Last at Bellsouth dot net
Please reply to newsgroup

John Pollard wrote:
Delete all the existing paycheck transactions.

Should have clarified this to say:

Delete all the existing paycheck transactions in your account
register.

--
John Pollard
First Last at Bellsouth dot net
Please reply to newsgroup