Record gross pay amount and deductions
When employed it is common to only receive your net pay amount after different deductions (tax, superannuation, etc) have been made from the gross pay for your job.
Most people are happy to just use the net pay within PocketSmith but you may want to track your gross pay and the deductions.
It is possible to track your gross pay and deductions within PocketSmith but this is a manual process that will need to be done each time you're paid and isn't able to be automated currently.
If this is something you would like to be automated, please let us know here: Suggest improvements.
How to record your gross pay and deductions
You can record your gross pay and deductions from your net pay with the split transactions feature.
- Go to the Transactions page
- Find the transaction for your net pay and click on it to edit
Click SPLIT and another transaction line will appear (add as many lines as required)
In the top line, replace the net amount with your gross pay amount
Add your deductions in the lines below until it shows 0 remaining at the bottom of the amount column (this means Gross - Deductions = Net)
As these are expenses, click the + button to change it to a minus
- Click SAVE and new transactions will be added for each deduction