split income

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  • Updated 6 months ago
I would like to be able to split an income transaction so that I can track the deductions from my paycheck.  Some of my paycheck is going into a 403b account and a Flex Medical Spending account.  Right now it appears I can only enter my net pay, unless I'm missing something
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Jamie Fast

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Posted 7 months ago

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celinedl

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Hi, I've faced the same challenge. I've resolved it by entering 2 transactions : one for the net paycheck and the other one for my retirement my employer was paying. It makes sense for me as they are going in 2 different accounts. I hope this could help.
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Telt1910

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Jamie, does your paycheck go to Unallocated, or do you allocate it to your envelopes when you enter it?

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Jamie Fast

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It goes into unallocated and then is dispersed into various envelopes.  I'm sure I could set up envelopes for my paycheck deductions and enter my gross pay but then that wouldn't match up with my bank statement when I reconcile.  I can get over it but it seems like splitting an income is something that should be doable.  YNAB does it very well.
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Karisa Russell, Official Rep

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Hi Jamie, 

You should still be able to reconcile your Accounts so long as you add the net pay to your Checking Account, and then add separate income transactions directly to your Flex and 403b Accounts. 

Hope that helps!
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Jamie Fast

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Yeah, I know, but it seems like adding the ability to split an income shouldn't be too difficult since you already have split transactions.