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Why doesn't the negative income carry over to the next pay settlement?

Sometimes I have negative income and it didn't carry over to the next period. Can you help me?

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It doesn't carry over. You really can't carry it over to anything - it would make the programming extremely complicated. When I was using Profit Gauges and I had a negative balance from the previous week, I entered the negative amount under "Retained Earnings" to get the settlement total to come out correctly. Worked great - had no problems.

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I know, that's what Aaron said I should do. To carryover negative balance shouldnt make it any more complicated. I would think it would be easier. It adds it up doesn't it?

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Depends how often you enter your settlements. If you miss a settlement, that carryover negative balance may go to the wrong settlement. Then if you enter the missing settlement, where would that carryover negative balance be at? How would you then say that negative balance really belongs to this other settlement? It then becomes a programming nightmare.

The best way to handle this negative carryover balance is best handled the way Aaron & company did and that is to use the "Retained Earnings" entry.

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By negative income I'm assuming you had more deductions than income on that settlement. If you owe the company money they will deducted from future earnings.

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Yes that is so

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On most settlements, companies will show that negative balance in the next settlement to deduct from your earnings until you get back into the positive.

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I think she is talking about Profit Gauges not carrying over the numbers from the previous months. Right?

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Yes, to Pete and interstate, in profit gauges the deductions, not offset by income, meaning I had more deductions then income, does not carry over to the next settlement as negative balance the way it does on my settlement. Someone from profit gauges called me, it may have been AAron, and told me that some guys want to deduct that negative balance from third or forth pay period not the next one, so they, Aaron and profit gauges doesn't carry over negative balance. If I wanted to settle this I would have to make it into an a expense and retained earning on my next settlement entry. It would have been much SIMPLER if it just carried over. Do you agree?

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I know why it doesn't carry over : Kevin doesn't believe in anything negative, he makes it positive like retained earnings.

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I'm not on Profit Gauges but if doesn't carry it over that really sucks. The retained earnings is used by KR for items that don't affect income or expense so I don't think that's the answer either.

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Pete, I agree, this is a glitch in this program, but the good does outweigh the bad, so I will use the retained earning ( which is not an earning really. It does complicate this part too. I don't know... If they don't fix it I may not find it useful. You are right.

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I watched the Profit Gauge demo it's &&$* of a program. I wish they would of had it 35 years ago when I got into this. I use Quicken, Drivers Daily Log and spread sheet. Quicken for taxes. Drivers Daily Log gives me per trip look. Spread sheet track fuel mileage and maintenance.

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I use iPad for tracking IFTA miles in app called Numbers, which is similar to excel on the pc. I just never got around to setting anything else up. I think numbers are important. I check the numbers like this: I make more then I spend. I save all, but for food and clothing. On occasion I splurge, but by far the biggest splurges were on fixing the truck. That thing is always in need of fixing.

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Fix the truck as needed and the bills are smaller then waiting and have to fix a bunch. Check out Drivers Daily Log you can do your logs and will do your IFTA report. If you enter your odometer miles as you cross state lines it will tell you how many miles you drove in each state. Does all the math for you no mistakes that way.

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Pete these are good suggestions, but they do not answer the original question, so if you don't mind please place them somewhere else, thanks!

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