Allocation amount is what you type for one account. Allocation type is a flat dollar amount, a percent, or remainder — whatever is left of the paycheck.
Paycheck
Take-home pay after taxes and deductions.
How often you get paid
Your take-home pay per paycheck after taxes and deductions
Accounts
Using "Remainder" ensures your full paycheck is allocated even if percentages change.
Filling out a two-account payroll form? Get the fixed savings amount and checking remainder.
Total Per Paycheck
$2,000.00
2 accounts · about 4,333.33/month take-home
biweekly pay
Use monthly take-home in the budget calculator to see what is left after bills.
Allocations
Checking
70%
$3,033.33
$1,400.00 per check
Savings
Remainder
$1,300.00
$600.00 per check
Enter one net paycheck after deductions and the pay frequency, then add destination accounts. Allocation amount means the dollars or percent directed to one account. Allocation type or method is the rule you choose: a flat dollar amount, a percentage of the whole net paycheck, or remainder; allocation details are the destination account and that rule. On a payroll form, 'no allocation' depends on the provider: it may mean no split is set up or that pay goes to a default account, so confirm where the remaining pay will land.
The calculator adds fixed-dollar allocations and percentages of the full net paycheck, then sends what is left to a remainder account. It converts each per-paycheck amount to a monthly equivalent using 52, 26, 24, or 12 paychecks per year for weekly, biweekly, semimonthly, or monthly pay.
Read the per-paycheck amount for each account before copying a split to your employer's form. A flat amount stays the same when pay varies; a percentage changes with pay. One checking remainder can keep the whole check allocated after savings is sent first. The preview flags an invalid total if allocations do not match the paycheck; payroll rules and rounding can differ.
If fixed and percentage allocations exceed net pay, the remainder is zero and the plan is invalid. Multiple remainder accounts each receive the same leftover amount in this preview, which can also invalidate the split. Your payroll provider may use different rounding and account rules.