>
> >>>>> 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.
Here is what I mean: let's suppose you make $1000 total income, and
had $75 taken out for federal tax and $25 taken out for state.
Create 4 accounts: Checking (Bank), Taxable Income (Income),
Tax:Federal, and Tax:State (both Expense). Now create a multi-line
transaction in the Checking account as follows:
Split 1: Deposit $1000 from account Taxable Income
Split 2: Payment $75 to Tax:Federal
Split 3: Payment $25 to Tax:State.
The total amount going into checking is $900, your net income.
Your 'income' totals reflects the actual income you are getting
and the taxes reflect how much you have spent on taxes so far.
dave
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