As the others have noted, it may or may be not worth your time to track this - but it is your decision.
The "Rounding" (better called "Paycheck Rounding") could probably be a liability or an asset... possibly a sub-category of "Gross Pay" (I call mine "Salary"). You should record both changes in the same account; if you're using liabilities, you would credit (right-hand column) the Paycheck Rounding by 50; the Second paycheck would have a debit (left-hand column) of 50 and a credit of 70. If they are always rounding up, then perhaps it makes sense as a liability. On Sat, Jan 27, 2024 at 4:22 PM Oleander via gnucash-user < [email protected]> 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 > > [email protected] > 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. > You can do > this by using Reply-To-List or Reply-All. > _______________________________________________ > gnucash-user mailing list > [email protected] > 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. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey [email protected] Micah 6:8 _______________________________________________ gnucash-user mailing list [email protected] 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. You can do this by using Reply-To-List or Reply-All.
