On Mon, Jan 15, 2024 at 3:07 AM Oleander via gnucash-user < gnucash-user@gnucash.org> wrote:
> 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. > Interesting question. First, I am not an accountant. I'd have an account for "Paycheck Rounding" (but what type to make it, I'm not sure; possibly a Liability?), and treat it like a deduction (when they take away from your pay-"Previous Rounding"), and an addition (when they add it-"Actual Rounding"). If I understood what you wrote, as an example, if your gross pay is $1000 and your deductions are 15.00, 7.25, 1.25, and 7.12, your net pay would be 969.38 - if they always "round up", there would be .62 of Actual Rounding, making the deposited amount 970. For the next paycheck, there would be an "Previous Rounding" reversal of 0.62, leaving 968.76, with an "Actual Rounding" of 0.24, making the deposited amount 969. So, for the first one, you'd have a split of Assets: Bank1: Checking 970.00 Income: Salary: 1000.00 Expenses: Taxes: State 15.00 Expenses: Taxes: City: 7.25 Expenses: Taxes: Municipal 1.25 Expenses: Social Security: 7.12 Liabilities: Paycheck Rounding: 0.62 ("Actual Rounding") If my understanding is correct, the Salary and the Paycheck Rounding would be credits and everything else could be a debit. The next paycheck would be Income: Salary: 1000.00 Assets: Bank 1: Checking: 969.00 Expenses: Taxes: State: 15.00 Expenses: Taxes: City: 7.25 Expenses: Taxes: Municipal: 1.25 Expenses: Social Security: 7.12 Liabilities: Paycheck Rounding: 0.62 (reversing last paycheck's rounding ["Previous Rounding"]) Liabilities: Paycheck Rounding: 0.24 ("Actual Rounding") As before, the Salary would be a credit and the Assets & Expense accounts would be debits... the Paycheck Rounding for "Previous Rounding" would be a debit of 0.62, and the entry for the Actual Rounding (0.24) would be a credit. -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
