What if I don't receive this paycheck on a regular basis?
The Quicken Paycheck is designed to make it easy to set up a regular paycheck. But how should you enter a paycheck that occurs only sporadically?
Set up and enter the first paycheck
- The first time you receive the paycheck, set up the paycheck in Quicken or edit it so that Quicken reminds you when the paycheck is due.
- At the top of the Paycheck Setup window, if you don't see the Scheduling area, click the double arrows.
- In the Start on field, enter the date you deposited the funds in your checking account, and then select Remind Me.
- In the Frequency field, select the frequency that most nearly matches how often you receive this paycheck.
- Enter the transaction into Quicken.
Set up subsequent paychecks
Because this transaction doesn't occur on a regular basis, it is easiest to memorize the transaction and then enter it only as needed. Follow this procedure to set up paychecks:
- In the checking account register, find the paycheck transaction you entered in the procedure above.
- When you find it, click in the transaction to select it.
- Click Edit > Memorize payee.
- When Quicken prompts you to memorize the split transaction as percentages (rather than fixed dollar amounts), click Yes.
Enter subsequent paychecks
Follow this procedure to enter subsequent paychecks:
- Choose Tools menu > Memorized Payee List.
- Find the transaction you memorized in the procedure above, and then click to select it.
- If the net paycheck or any deduction amount vary from the previous paycheck, click Edit, and then click Split to edit the split transaction as necessary.
- When you finish editing the split transaction, click OK to close the Split Transaction dialog, and then click OK to close the Edit Memorized Payee dialog.
- With the edited transaction still selected, click Use at the bottom of the dialog.