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
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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.
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At the top of the Paycheck Setup window, if you don't see the Scheduling area, click the double arrows.
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In the Start on field, enter the date you deposited the funds in your checking account, and then select Remind Me.
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In the Frequency field, select the frequency that most nearly matches how often you receive this paycheck.
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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:
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In the checking account register, find the paycheck transaction you entered in the procedure above.
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When you find it, click in the transaction to select it.
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Click Edit > Memorize payee.
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When Quicken prompts you to memorize the split transaction as percentages (rather than fixed dollar amounts), click Yes.
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Tell me more
Quicken displays this prompt only if you've entered earnings, taxes, or deductions for the paycheck.
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Enter subsequent paychecks
Follow this procedure to enter subsequent paychecks:
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Choose Tools menu > Memorized Payee List.
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Find the transaction you memorized in the procedure above, and then click to select it.
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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.
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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.
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With the edited transaction still selected, click Use at the bottom of the dialog.