Wage Reports Showing Gross not net pay

I am tracking my employee's wages in Money. I enter it as a split amount
with the gross amount as the positive#, then the withholding taxes as
transfers from withholding accounts as a negative#. It adds up correctly but
when I want a report of expenses it shows the gross amount not the net
amount and that throws my balance off. How do I print a report showing only
net pay.

Dick
Thu Feb 21 19:43:47 CST 2008

So you are not using the Paycheck type of transaction? What version/edition
of Money? If M05 or more recent and not Money Essential (MEss) are you using
Advanced Register? What kind of report are you using? Have you customized
it? Are you using Essential or Advanced Reports? And now I note that you say
"employees". If you are using one of the * Business * editions it may be
much harder to get an answer as no regular here uses that and the people who
do never stick around to help others, perhaps because they are too busy
running their businesses.

"MH" <Nospam@aol.com> wrote in message news:uDpvj.20348$eg3.2080@trndny05...
>I am tracking my employee's wages in Money. I enter it as a split amount
>with the gross amount as the positive#, then the withholding taxes as
>transfers from withholding accounts as a negative#. It adds up correctly
>but when I want a report of expenses it shows the gross amount not the net
>amount and that throws my balance off. How do I print a report showing only
>net pay.

MH
Thu Feb 21 21:29:17 CST 2008

Using Money Deluxe 2007, Advanced register. The actual paycheck enters
correctly, but at year end when I view my customized expense report listing
all yearly expenses sorted by subcategory it deducts the gross amount from
the balance not net.
"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:O12MfRPdIHA.4968@TK2MSFTNGP02.phx.gbl...
> So you are not using the Paycheck type of transaction? What
> version/edition of Money? If M05 or more recent and not Money Essential
> (MEss) are you using Advanced Register? What kind of report are you using?
> Have you customized it? Are you using Essential or Advanced Reports? And
> now I note that you say "employees". If you are using one of the *
> Business * editions it may be much harder to get an answer as no regular
> here uses that and the people who do never stick around to help others,
> perhaps because they are too busy running their businesses.
>
> "MH" <Nospam@aol.com> wrote in message
> news:uDpvj.20348$eg3.2080@trndny05...
>>I am tracking my employee's wages in Money. I enter it as a split amount
>>with the gross amount as the positive#, then the withholding taxes as
>>transfers from withholding accounts as a negative#. It adds up correctly
>>but when I want a report of expenses it shows the gross amount not the net
>>amount and that throws my balance off. How do I print a report showing
>>only net pay.
>

Dick
Thu Feb 21 23:15:54 CST 2008

I'm getting closer to understanding your question, I think. But I'm not
there yet.

Deducts the gross amount--and by this I'm guessing you are talking about the
total of the wages tab items?--from what balance? You say you are reporting
all yearly expenses sorted by subcategory, where in here does a deduction
factor in? What were you expecting to deduct from what?

One alternative interpretation I can arrive at is that you are wanting just
after tax expenses shown as expenses. You'll have to cull out the categories
you don't want from the categories tab of the report customization. Money
takes a holistic view of the income and expenses you tell it about. If you
tell it about gross wages and taxes, it thinks those are part of figuring
out how much comes in and how much goes back out. Since it reports that
taxes are my largest single expense category, I, too, sometimes wish it
didn't view the problem this way. But it does--and that's generally a good
thing.

Assuming that's not your issue, one data point that may or may not help us
get to a common understanding of your issue follows:

The distinction in Money using Paychecks and Advanced Register (just to
narrow down to what I know) between "before" and "after" taxes is a complete
artifact that seems to only be demonstrated in Tax Estimator. What TE does
to figure taxable income--i.e., reduce gross wages by before tax items like
health insurance and 401(k) contributions--is reduce the earnings category
on the first line of each paycheck's "wages" tab by the total amount of the
"before taxes"--normally expenses--tab. Sometimes this has weird side
effects depending on things like is the first line less than the before tax
tab total. But there is never anywhere else I'm aware of (some of the taxes
reports/exports maybe??) where Money uses the information about what's a
"before tax" expense to reduce gross income to gross taxable income. You can
do this by extracting data from category total reports and doing your own
math. But Money never has a number equivalent to W2 wages anywhere easy to
get at except tax estimator.

"MH" <Nospam@aol.com> wrote in message news:hkrvj.11286$wG2.5299@trndny09...
> Using Money Deluxe 2007, Advanced register. The actual paycheck enters
> correctly, but at year end when I view my customized expense report
> listing all yearly expenses sorted by subcategory it deducts the gross
> amount from the balance not net.