Personally, I just entered one simple transaction for my Salary - the Nett amount - no other details.
Some users like to enter all the details.
Ive worked with two Bank Genie users to come up with a solution to handling payslips in Bank Genie Pro.
The solution works for Bank Genie Pro as it allows negative transactions – Bank Genie doesn't .
The Payslip is entered as a single transaction with multiple splits.
Here's an example for a payslip:
1) The Nett pay is entered as the transaction Amount (i.e. the total transaction amount)
2) The splits
The split elements are a mixture of positive and negative elements, each with different categories.
2a) Split elements (entered as Positive amounts)
Basic Pay
Additional payment 1 (e.g. overtime)
Additional payment 2 etc
2b) Split elements for Deductions (entered as negative amounts):-
Pension contribution
AVC contribution
Income tax
National Insurance
Repeat transactions:
The transaction is copied (click Copy button) each month and duplicated (Click the Paste button)
The values in the new transaction are then edited for the new payslip.
The Categories are carried over from the previous transaction.
I'd welcome the comments from our members.
