The specifics would depend on requirements in your local jurisdiction, but the
basics of recording a paycheck would be a transaction like the following:
Dr. Assets:Cash/Checking/etc. 2400
Dr. Expenses:Taxes:Income 600
Cr. Income:Salary/Wages/etc. 3000
If this is a different type of transaction like Capital Gains, the entry will
be different as the tax may not be paid at the same time. The Tutorial and
Concepts Guide covers how to record Capital Gains transactions.
Note, many basic transaction forms can be found in online accounting resources
and texts. Whatever you are supposed to use for pen and paper, you can use in
GnuCash.
As always, the caveat applies that this is *not* either accounting or tax
advice. Always speak to a local CPA for professional and official guidance.
Concerning reports, there is a built-in Tax Report but my understanding is it
is only designed for the US at this time, though I’ve seen discussion to add
other jurisdictions. Until then, perhaps a Transaction Report would be the best
tool. Depending on your accounting basis (cash vs. accrual) and your filing
requirements, you might instead use an Income Statement (a.k.a. Profit & Loss
report). Again, official CPA advice would tell you what info you need in the
report, and likely even suggest a standard accounting report such as this.
Regards,
Adrien
> On Mar 19, 2020 w12d79, at 8:42 AM, Long <[email protected]> wrote:
>
> Hello,
>
> I assume that my income for each month is 3000$, and my personal income tax
> about 20% of my total revenue.
>
> So, How can i record that in gnucash?? And when i need a report, i just use
> transaction report?
>
> Thank in advance for your help.
> Regards.
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