[GNC] How do you record the rounding of your netpay?
Hello everyone, my netpay each month is rounded up to the next integer. This rounding in my paycheck is indicated under the voice "Actual rounding" then it is charged in the paycheck of the following month under the voice "Previous rounding" and the netpay, in turn, rounded up to the next integer again. Thus my net pay is gross pay minus deductions minus the amount of the "Previous rounding". How would you record "Previous Rounding" and "Actual Rounding"? I'd be inclined to use these accounts plus what is needed to calculate the rounding: Assets:Bank1:Checking € Income:Salary Expenses:Taxes:State € Expenses:Taxes:Regional € Expenses:Taxes:Municipal € Expenses:Taxes:Social Security € Assets:Bank1:Checking 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. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] How do you record the rounding of your netpay?
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
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[GNC] How do you record the rounding of your netpay?
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. You can do this by using Reply-To-List or Reply-All.
[GNC] What account name do you use to record the apartment/house expenses related to the building?
Hello, is "Housing" a proper account name if I want to include only my apartment expenses like Rent/Mortgage and Repairs? I'd like to record my Utilities expenses separately within another account so that my "Housing" account adds up only the expenses related to the building. If not, what would you use? Thanks, ___ 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. You can do this by using Reply-To-List or Reply-All.
