New User, beginners question

Have just set up my personal banking account in MS Money 2005.

But,
I dont think I have entered my income correctly. Because when I looked in my
first monthly report it forcasted that i will be in severe debt in a few
months time.

I am sure I have done something really silly in setting this account up!!
Can anyone give me idiot proof instruction on how to do this correctly?!!

Thx
A

Chris
Thu Aug 11 18:05:12 CDT 2005

Create your income as recurring paychecks on the bills and deposit page.
"Paycheck" is a special category on the drop-down box. It opens a wizard.
When you pick it, make sure you elect to track taxes and other deductions,
not just net pay.


If the forecast you're talking about is in the lifetime planner (I doubt it,
at this stage) be sure to link the paychecks to your lifetime planner income
tab.
--
Chris Cowles
Gainesville, FL

"Andrew Symons" <andrew.stp@tiscali.co.uk> wrote in message
news:42faf416$1_4@mk-nntp-2.news.uk.tiscali.com...
> Have just set up my personal banking account in MS Money 2005.
>
> But,
> I dont think I have entered my income correctly. Because when I looked in
> my first monthly report it forcasted that i will be in severe debt in a
> few months time.
>
> I am sure I have done something really silly in setting this account up!!
> Can anyone give me idiot proof instruction on how to do this correctly?!!

Andrew
Fri Aug 12 04:35:09 CDT 2005

I managed to open the payslip wizard but when i entered the sums for each
category they did not balance.

Can anyone help?

I have the following to record

employers pension contrib
My avc
nic
paye tax
tss ees pension

I am stuck!!


AS


"Andrew Symons" <andrew.stp@tiscali.co.uk> wrote in message
news:42faf416$1_4@mk-nntp-2.news.uk.tiscali.com...
> Have just set up my personal banking account in MS Money 2005.
>
> But,
> I dont think I have entered my income correctly. Because when I looked in
> my first monthly report it forcasted that i will be in severe debt in a
> few months time.
>
> I am sure I have done something really silly in setting this account up!!
> Can anyone give me idiot proof instruction on how to do this correctly?!!
>
> Thx
> A
>

Richard
Fri Aug 12 06:08:29 CDT 2005

How much are you off? This is a pretty basic split and it should look like:

Gross Pay
+ Employer Contributions
- Pre-tax expenses
- Taxes
- Post-tax expenses
= deposit to account

--

"Andrew Symons" <andrew.stp@tiscali.co.uk> wrote in message
news:42fc6d92$1_3@mk-nntp-2.news.uk.tiscali.com...
>I managed to open the payslip wizard but when i entered the sums for each
>category they did not balance.
>
> Can anyone help?
>
> I have the following to record
>
> employers pension contrib
> My avc
> nic
> paye tax
> tss ees pension
>
> I am stuck!!
>
>
> AS
>
>
> "Andrew Symons" <andrew.stp@tiscali.co.uk> wrote in message
> news:42faf416$1_4@mk-nntp-2.news.uk.tiscali.com...
>> Have just set up my personal banking account in MS Money 2005.
>>
>> But,
>> I dont think I have entered my income correctly. Because when I looked in
>> my first monthly report it forcasted that i will be in severe debt in a
>> few months time.
>>
>> I am sure I have done something really silly in setting this account up!!
>> Can anyone give me idiot proof instruction on how to do this correctly?!!
>>
>> Thx
>> A
>>
>
>