The paycheck setup wizard creates a set of automation rules that run every time you get paid. You enter your net pay once and tell WealthMgr where to send each portion — savings, bills budget, spending money, a goal — and the rules handle the transfers automatically on each payday.

Running the paycheck wizard

1. Go to Getting Started (or Income → Set up paycheck).
2. Click Set up paycheck.
3. Enter the paycheck name (e.g. "Salary"), net amount, frequency, and first pay date.
4. Choose or create a deposit account — the bank account where your pay lands.
5. Add allocation rows to split the pay across pockets or accounts.
6. Click Finish.

Deposit account

The deposit account is the asset account (usually a checking or current account) that receives your salary. You can use an existing account or create a new one in the wizard.

Allocation rows

Each allocation row defines where a portion of your pay goes:

Percentage rows must sum to 100% (or less if you want the remainder to stay in the deposit account). Fixed rows must not exceed the total net pay.

What the wizard creates

When you finish the wizard, WealthMgr creates:

1. An income rule tagged income — records the paycheck deposit on each payday.
2. A transfer rule for each allocation row — moves money from the deposit account to the destination pocket on the same schedule.

You can view and edit all these rules in Automations.

Changing your paycheck

To update your net pay, frequency, or allocations after initial setup:

1. Go to Automations.
2. Find the income rule named after your paycheck.
3. Click Edit and update the amount or schedule.
4. Edit each allocation rule separately to adjust the split.

Or run the paycheck wizard again to replace the existing rules. The wizard does not automatically remove old rules, so delete the outdated ones manually from Automations.

Multiple paychecks

You can run the paycheck wizard multiple times — once per income source (e.g. salary + freelance). Each run creates an independent set of income and transfer rules.