Hello, I am learning how to use ledger and I have a question.
One think I really like is that I can check that everything is right by checking the current balance of my Assets:Checkings entry, if it's the exact same as my online banking app says then I can trust I am keeping the journal properly. I receive my salary from my clients and I need to pay taxes to the goverment at the end of the year, so for each client I need to deduct taxes and keep this value somewhere until the end of the year. I would like to track this value using Ledger also. My first thought was to write a transaction from Assets:Checkings, where I get my salary, to Liabilities:OwedTax but then Assets:Checkings no longer matches the exact value I have on my online banking. This is correct, actually. since I cannot use that money and is not mine, I owe it to the government, but makes it difficult to track how much money I actually have. Is there any way to keep track of this owed tax and how much money I can use (checkings - tax) and at the same time have a balance entry for the exact amount my online banking app shows? I thought about using these virtual accounts but I am not sure if it's the way to go. Thank you for your help. -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
