>>>>> On Sat, 05 Feb 2000 17:22:38 -0800, Dave Peticolas
>>>>> <[EMAIL PROTECTED]> said:
>> is anyone keeping track of taxes in gnucash?
>>
>> I mean, when I record a paycheck, I go through and in the deposit
>> column put in "auto: fuel, 10.00", "auto: maintenance, 10.00",
>> "doctor, 6", stuff like that.
>>
>> now, i just looked at a pay stub, and I realized that i have no
>> idea what to put in for my taxes. federal, ssi, medicare, state,
>> sui/sdi all get a line, as do espp and 401k. but if i put in a
>> bunch of entries, i have to account for them on the same
>> transaction somehow, right?
Dave> Right, one solution is to make the amount coming from 'Income'
I am confused by the phrase "coming from income". Do you mean that
you have a category called income? Hrmm.... I have some thoughts,
let me know if this sounds feasible.
The place where money magically appears is Income, or you could have
one income category for each of your sources. Then, you transfer from
Income to the different categories the amounts which go there. For
instance, I would take and credit $100 to my VA Income subcategory.
Then, right away, I would have a "disbursement" debit in that same
category, which would debit all of my tax categories (which I have set
up as expenses), credit my 401k (which I set up as mutual fund) and
credit my checking account the net amount of my paycheck. That won't
work, because the credit to my checking account will need to be
mirrored as "rebates" (debits) to each of the expense accounts.
Maybe I have the use of all of this wrong. That is a very good
possibility. Does anyone have a 'gnucash obfuscator', which can
mangle all of the amounts in the key transactions, so that some of you
who understand this can email me your .xac files?
Dave> be your *total* income, not your net income. Then add in the
Dave> lines for the taxes as expenses going to the different tax
Dave> accounts, and the net amount going into your, e.g., checking,
Dave> will be your net income.
We treat our expense accounts like envelopes. e.g., each week we put
1/4 of the rent in to our 'rent' envelope, and at the end of the
month, we pull out the envelope and pay the landlord.
So our expense accounts will fluctuate between x and 0 in the properly
planned categories, and have been known to get very large or very
small in the poorly planned categories.
Even if our model doesn't map to gnucash 100%, if we can keep our
"proper expenses go from 0 to x and back again" model, we will be able
to make it.
thx,
rob
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