Not if you want to match what you need to file taxes. You do want to start with gross and keep track of the deductions -- especially the taxes withheld.
On Tue, Sep 3, 2024, 14:55 Kalpesh Patel <[email protected]> wrote: > Couldn't one can elect to track paycheck by net rather than gross? > > -----Original Message----- > From: Gyle McCollam <[email protected]> > Sent: Tuesday, September 03, 2024 3:27 PM > To: David Warren <[email protected]>; Boniforti Flavio < > [email protected]> > Cc: [email protected] > Subject: Re: [GNC] [newbie] how to treat a gift? > > Don't forget on the paycheck, you also have to debit all the withholding > accounts as well. Your salary is more than what cited to your checking out > savings account. > > > > Sent from Samsung Galaxy smartphone. > > > > -------- Original message -------- > From: David Warren <[email protected]> > Date: 9/3/24 3:21 PM (GMT-05:00) > To: Boniforti Flavio <[email protected]> > Cc: [email protected] > Subject: Re: [GNC] [newbie] how to treat a gift? > > Hi. EVERY Gnucash entry is DOUBLE ENTRY. > > But you've answered your own question. > > Debit Assets:Current Assets:Checking Account for $100 Credit the income > account of your choice but Income:Gifts Received is exactly what I would > use too! > > For Salary, Debit Checking Account, Credit Income:Salary Received. > > On Tue, Sep 3, 2024 at 2:22 PM Boniforti Flavio <[email protected]> > wrote: > > > Hi all. > > I've received 100 bucks from a relative as a gift, which he sent to me > > via bank wire transfer. > > In my GnuCash accounts I do have one called "Income:Gifts Received" > > and I also of course have the "Assets:Current Assets:Checking > > Account", where the money from the gift finally landed. > > > > How should I proceed to register this gift I received? I don't see any > > reason to do a "double-entry", because the money is not coming from > > one of my accounts - it's just getting INTO one of my accounts from > external... > > Same question for my salary, of course. > > > > Thanks for your help, > > F. > > > > https://www.instagram.com/boniforti_music > > https://soundcloud.com/boniforti_music > > https://bonny-j.bandcamp.com > > _______________________________________________ > > 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. > > _______________________________________________ > 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.
