You are over complicating matters.
You are trying to record (account for) an UNKNOWN situation. At least I
think unknown. Are they telling you "we rounded this up by y amount and
will later round down to make up for it". Or, as I rather suspect, it is
just happening.
How about each month simply recording from your pay statement, ignoring
whether that was rounded up or down by a few pence.
You seem to be worrying about what your REAL pay is as opposed to what
is i-on your statement. In other words, thinking "my pay is REALLY X but
they paid me X + epsilon (or X - epsilon) so I owe them (or they owe me)
epsilon. A lot easier for you to not think of REAL amount being constant
but rather that your pay amount varies up an down by epsilon.
Michael D Novack
On 1/27/2024 11:11 AM, Oleander via gnucash-user wrote:
Hi,
suppose that today I received my first paycheck from my new company, I add this
entries:
First Paycheck
Income:Gross Pay €-1799.50
Expenses:Taxes €300
Liabilities:Rounding €-0.50
Assets:Bank:Checking €1500 ;; net pay
€0.50 is just lent to me, the next month this amount will be charged from my
gross pay along with taxes and if the result is a floating point number it will
be rounded up to the next integer and so on.
Now the questions are:
1) Is the above entry Liabilities:Rounding €-0.50 correct?
2) How do I record the amount that will be charged in the second paycheck?
Second Paycheck
```
Income:Gross Pay €-1799.80
Expenses:Taxes €300
????? {€0.50 to be charged}
Liabilities:Rounding €-0.70
Assets:Bank:Checking €1500 ;;net pay
```
-------- Original Message --------
On Jan 27, 2024, 16:23, Maf. King wrote:
I don't have this sort of rounding arrangement on my paychecks, but I do have similar with one shareholding I have. I suggest you use GC to model reality, as far as possible.. Each paycheck gives you pennies of a
liability (loan) from your employer. So use a liability account in your GC tree for "payroll rounding", and transfer into and out of that each cycle. HTH, Maf. On Saturday, 27 January 2024 08:17:03 GMT
Oleander via gnucash-user wrote: > Hello everyone, > > how do you record the rounding of your netpay? > > After subtracting taxes from my gross pay, if the result of my net pay is a > floating point
number, my company rounds this number up to the next integer > then credits the amount to my bank account. But the rounding is just a > loan, the next month it will be charged from my gross pay along with taxes
> and if the result of my net pay again is a floating point number, it will > be rounded up to the next integer and then credited to my bank account and > so on. > > Eg: > > 1st Month > >
Gross Pay = €1800.50 > > Taxes = €300 > > Netpay = 1500.50 --> 1501€ (amount credited to my bank account) > > 2nd Month > > Gross Pay = €1800.30 > > Taxes = €300 > > 1st Month
Rounding = €0.50 > > Netpay = 1499.80 --> 1500€ (amount credited to my bank account) > > Thank you > _______________________________________________ > gnucash-user mailing list >
gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies.
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