What if Quicken tells me I don't need to enter a negative amount for a deduction when setting up a paycheck?
Quicken will calculate and subtract the paycheck 's deductions for you. Unlike other split transactions in Quicken, you don't need to enter a negative amount to identify a deduction from the total amount.
If your paycheck includes a negative adjustment
If your paycheck includes a one-time reimbursement or other adjustment, the easiest way to track it is simply to make sure it is accounted for in the paycheck total.
Reduce the gross amount
- Under Earnings, next to your W-2 Salary, click Edit and reduce the gross amount by the value of the reimbursement.
Add the reimbursement amount
- Under Earnings, choose Add Earning > Other Earning.
- In the Add Earning dialog, fill in the fields:
- Name: Type a meaningful name, such as Reimbursement.
- Category: Select an existing category such as Misc (miscellaneous), or create a new one.
- Amount: Enter the reimbursement amount. Because you've identified it as a deduction, Quicken will subtract this value from the Gross amount.
- Click OK.
If your paycheck frequently includes reimbursements for work-related expenses
If your paycheck frequently includes reimbursements for work-related expenses, you should first add an account to track reimbursable expenses and enter the expenses as they occur. Then follow this procedure when you receive a paycheck that includes a reimbursement:
Reduce the gross amount
- Under Earnings, next to your W-2 Salary, click Edit and reduce the gross amount by the value of the reimbursement.
Add the reimbursement amount
- Under Earnings, choose Add Earning > Other Earning.
- In the Add Earning dialog, fill in the fields:
- Name: Type a meaningful name, such as Reimbursement.
- Category: Click the Transfers tab in the Category List and select the account you added to track reimbursable expenses.
- Amount: Enter the reimbursement amount. Because you've identified it as a deduction, Quicken will subtract this value from the Gross amount.
- Click OK.
The gross W-2 salary amount should now be restored to its original amount.