Hello, Thank you doncram and david cousens, Yes, I'm not accounting and having trouble to record that problems. Please help me if i'm going wrong again. Example: Let make things easier to understand for me. 1 - I will pay rent at the first month of each year = i will pay tax at the first month of year. 2 - I do not pay rent to landlord each month = i do not pay tax to government each month. 3 - i just accumulated my money each month to pay rent = same to pay tax. 4 - In fact, I'm owed to my landlord each month because using his house = it's the same thing about pay tax.
=> For 4 things i talking above : in GnuCash, i need to create "Liability" about pay rent, each month, i need to credit "liability:pay rent" and debit to "expenses:pay rent". After 12 months, i will pay rent to landlord by credit my "assets" and debit to "liability". Right? So, i should do the same thing to PAY PERSONAL INCOME TAX ? I will have "Liability:Tax" and "expense:Tax", transfer my money each month between that account, at the end of the year, my government will tell me what amount i need to pay, if the amount are smaller, i will make a refund from "expense:tax" to "liability:tax" and pay it, if larger, just plus more amount into "expense:tax". Right? For that things above: Is it called accrual accounting ? Example i wrote above told me that: GnuCash still look like the real life. P/S: I'm not accounting, and i respect you (all guys) for take your time to help me. Thank you. Regards. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
