[GNC] Journaling taxable benefit

My employer gives employees $350 under a wellness spending account to spend on whatever we want. I claim it on public transit fares. This $350 is considered a taxable benefit and every bi-weekly paycheck, $13.46 gets added to gross income. What would be the credit side of transaction number 2 and

Re: [GNC] How to treat benefit payments from government?

; Adrien > >> On Apr 17, 2019, at 4:37 PM, gn00b > leo57yeung@ > wrote: >> >> When I file my 2019 personal income tax for income earned in 2018, the >> government will send me a monthly cheque based on my 2018 income. What >> should the credit side of the jo

[GNC] How to treat benefit payments from government?

When I file my 2019 personal income tax for income earned in 2018, the government will send me a monthly cheque based on my 2018 income. What should the credit side of the journal entry look like when I initially record this? Should I be treating this as income? I know I should Debit Benefit

[GNC] How to journal this transaction?

Someone owes me $100 (Accounts Receivable). But instead of paying me $100, they pay for an expense of mine worth $100. How would I journal this transaction? -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user

Collecting payments from others then remitting to one vendor

So my roommates and I split utilities cost and every month they remit to me the required amount and I then remit all of those smaller payments to our utilities company. What's the best way to set up the accounts/transactions so I only have an expense of what I owe. Example: Utilities bill is $30