Phil Longstaff <[EMAIL PROTECTED]> writes:
> If my company pays an employee $50,000 in gross salary and an additional
> $5000 in employer taxes, then the cost to me is $55,000, regardless of
> how the employee's $50K gross salary is split into taxes and other
> withholdings. The expenses I have are the $50K salary, and the $5K
> employer taxes.
Aha, I see what you mean, now. The company expenses are "employee
gross salary" and "additional company payroll taxes and paid
benefits." That makes sense..
> I reread what I wrote, and you're right. I meant to say "the various
> taxes ... are not expenses for the company". If the company holds them
> to pass on to the gov't, they are liabilities at that point.
Right...
> However, given double-entry accounting, it should be straightforward to
> set up accounts to allow you to generate W-2's (you'd need a deep enough
> account hierarchy to allow you to keep info per employee). I agree that
> functionality on top of the basic double-entry accounting makes the job
> easier.
Well, personally I would prefer not to require an account per employee
(similarly to how I didn't want an account per customer or account per
vendor for AR and AP). However, obviously this requires some
ancillary information which isn't currently available (e.g. a real
Payroll system).
> See above. I mean't they aren't expenses (to the company).
Right, I see now... Thanks!
> Phil
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
[EMAIL PROTECTED] PGP key available
_______________________________________________
gnucash-devel mailing list
[EMAIL PROTECTED]
http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
