Paycheck Direct Deductions & Tracking Payee Names

In running some reports to do end of year taxes, I noted something unusual
with payee names and paycheck deductions setup in the bill calendar.

I have health and dental insurance deductions taken out of my paycheck. The
paycheck is setup in Money Plus in the bills calendar, and has the details
filled out so the entire gross wages are tracked. But in running a report I
see the health and dental insurance deductions have a payee name of
'Employer's Name Inc'. In reality I am paying my insurance premiums to Health
Insurance Provider, Inc and Dental Insurance Provider, Inc, ... I think. Any
reimbursements paid to me after using the health or dental insurance services
are paid from Health Insurance Provider or Dental Insurance Provider, Inc. So
I have some in coming dollars from them.

I can't see a way to set up the recurring paycheck to have the deductions go
to any payee other than the source of the paycheck. Am I missing something?

Dick
Sun Mar 30 12:08:58 CDT 2008

Nope.

The only way around it to put the expenses in the paycheck as transfers to
some temporary account had then enter expense transactions in that account
to the payee you want.

I get around this with carefully tailored reports that get just the
categories I'm looking for without regard to payee.

"Retired Coal Miner" <...@...> wrote in message
news:HdOdndKBJIpMJHLanZ2dnUVZ_r6rnZ2d@comcast.com...
> I can't see a way to set up the recurring paycheck to have the deductions
> go to any payee other than the source of the paycheck. Am I missing
> something?

Retired
Sun Mar 30 23:18:36 CDT 2008

After posting, I noticed this small blurb in the FAQ: "A Money transaction
allows one Payee, no matter how many splits." http://umpmfaq.info/faq.html#Q149

This being the case, the implications are: There's no simple way to record
paycheck deductions, when setup as transaction splits, to the real-life,
actual payee. Tax reports rely solely on categories, which seems to work fine.

But it's strange that I can't run a report on my years of data to see where
the health insurance dollars are going. In relation to the four workarounds
mentioned in the FAQ, I think an advanced search and replace would work also.
But it would make sense to do this infrequently, ... annually when you
re-authorize/re-select your benefits near the end of the year, assuming you
participate in the traditional corporate, group benefit plans.

Dick Watson wrote:
> Nope.
>
> The only way around it to put the expenses in the paycheck as transfers to
> some temporary account had then enter expense transactions in that account
> to the payee you want.
>
> I get around this with carefully tailored reports that get just the
> categories I'm looking for without regard to payee.
>
>

Chris
Mon Mar 31 19:31:41 CDT 2008


"Retired Coal Miner" <...@...> wrote in message =
news:faGdncL3VuqB-23anZ2dnUVZ_tCrnZ2d@comcast.com...

> But it's strange that I can't run a report on my years of data to see =
where=20
> the health insurance dollars are going. In relation to the four =
workarounds=20
> mentioned in the FAQ, I think an advanced search and replace would =
work also.=20
> But it would make sense to do this infrequently, ... annually when you =

> re-authorize/re-select your benefits near the end of the year, =
assuming you=20
> participate in the traditional corporate, group benefit plans.

I put the 'payee' in the memo field of the split. That said, I don't pay =
much attention to that. The category provides the detail I need.
--=20
Chris Cowles
Gainesville, FL