Your cash plan's checking account
While deposits may seem trivial, how you deposit the income that you manage with You Need A Cash Plan is a key part of successfully planning how you will use your income. Your cash plan will work only if the amount of each paycheck deposit is never less than the expected amount. A paycheck deposit can be more than the planned amount, but never less. The catch phrase for income is "plan low and deposit high."
Getting back cash when you deposit a paycheck by depositing less than the check amount is a habit that is best avoided. Accurately planning how you will use your money in You Need A Cash Plan is possible only when at least the amount you expect to receive is actually deposited as scheduled.
The recommended way to avoid the cash back habit is to have your paychecks directly deposited. When you sign up for direct deposit, your money is electronically sent to your checking account on payday. You do nothing other than record the deposit in You Need A Cash Plan.
Direct deposit is a trusted technology that is dependable, quick, and very convenient. Having your paychecks directly deposited to your checking account:
Auto Deposit is a feature of You Need A Cash Plan that helps you remember and enter income receipts that are scheduled in your cash plan.
The Auto Deposit feature is turned on and off in the Options dialog box. With the Auto Deposit option turned on, the program will display the Deposit dialog box the first time it’s started each day for all scheduled income receipts that are due or past due. The Auto Deposit feature only displays deposits once for each expected receipt.
When the Auto Deposit option is turned off, the program continues to check for new income receipts, but does not display the Deposit dialog box. Because the Auto Deposit feature stays current whether it is turned on or off, you can switch the feature on and off at any time.
When Auto Deposit is turned off, you must remember to enter expected deposits from income.