FAQ: How Do I Get Rid of Missing Deductions Error in the Cash Flow Section

The cash flow diagram provides an essential overview of your financial situation, but sometimes you might encounter an issue where the platform flags "Missing Deductions." Below is a step-by-step guide to help you identify and resolve this issue effectively.

Step 1: Understand the "Missing Deductions" Notification

The "Missing Deductions" alert occurs when:
Gross Income - Deductions is greater than Net Income.

For example if gross income is $4,000 and deductions are $500 then we would expect net income to be $3,500. If net income is lower however, for example $3,000, then the platform assumes $500 of deductions are missing.

Step 2: Verify Your Inputs

  1. Check Gross Income
    • Navigate to the Income Section.
    • Ensure the numbers for gross income are correct
    • Make sure to review payment frequency to see if a mistake has been made
      • A = Annual SA = Semi Annual Q = Quarterly M = Monthly SM = Semi Monthly BW = Bi-Weekly W = Weekly
    • Gross income should be in today’s dollars; the platform adjusts for inflation automatically.
  1. Check Net Income
    • Ensure the numbers for net income are correct
    • Make sure to review payment frequency to see if a mistake has been made
    • Net income should be in today’s dollars; the platform adjusts for inflation automatically.
  1. Check Deductions
    • Ensure the deduction numbers line up with your paystub
    • Make sure to review payment frequency to see if a mistake has been made

Additional Tips

  • Using a Year End Paystub and entering all values as 'annual' can be a good way to capture a full year
  • Small Discrepancies: If the "Deductions" amount is minor (e.g., under $100), it’s generally not a concern and will not affect the trajectory of your plan in a major way