[GNC] Balance Sheet fails to run for dates more than 7 month ago.
In Dec 2023 I tried to upgrade from Ubuntu 18.04 to Ubuntu 20.04 . There was
some file corruption which was difficult for me to fix so I wiped the hard disc
clean and installed a fresh version of Ubuntu 20.04 .
In 20.04 I use Gnucash 3.8 . In 18.04 I used Gnucash 2.6.19
At the time of the installation of GC 3.8 I thought that all my reports worked
. Now I find that when I try to run a Balance Sheet for any date earlier than
about 7 months ago it fails . I use the price source " nearest in time" in
the BS.
I had not input any security /currency prices in the Price Table between 28
Apr 2023 and 23 Oct 2023 .
See error report .
An error occurred while running the report.
In srfi/srfi-1.scm:
592:29 19 (map1 (#< commodity: # …))
592:29 18 (map1 (#< commodity: # …))
592:29 17 (map1 (#< commodity: # …))
592:29 16 (map1 (#< commodity: # …))
592:29 15 (map1 (#< commodity: # …))
592:29 14 (map1 (#< commodity: # …))
592:29 13 (map1 (#< commodity: # …))
592:29 12 (map1 (#< commodity: # …))
592:29 11 (map1 (#< commodity: # …))
592:29 10 (map1 (#< commodity: # …))
592:29 9 (map1 (#< commodity: # …))
592:29 8 (map1 (#< commodity: # …))
592:29 7 (map1 (#< commodity: # …))
592:29 6 (map1 (#< commodity: # …))
592:29 5 (map1 (#< commodity: # …))
592:29 4 (map1 (#< commodity: # …))
592:17 3 (map1 (#< commodity: # …))
In commodity-utilities.scm:
933:46 2 (_ #< commodity: #)
780:12 1 (gnc:exchange-by-pricedb-nearest _ # …)
In unknown file:
0 (gnc-pricedb-convert-balance-nearest-price-t64 # …)
Throw to key `numerical-overflow' with args `("/" "Numerical overflow" #f #f)'.
This table show the result of running the BS on various dates . I can
understand the BS might fail if it was run on dates when there were no
security prices in GC , but is is not so simple . The BS fails on 28 Apr when
there are prices in GC
23 Oct 23 - ok
30 Sep 23 - ok
31 Aug 23 - ok
31 Jul 23 - ok
30 Jun 23 - ok
16 Jun 23 - ok
15 Jun 23 - fails
14 Jun 23 - fails
28 Apr23 - fails
31 Dec 22 -fails
What do I do to fix this ?
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Re: [GNC] Compare two sets of accounts?
On Fri, 19 Jan 2024 10:23:05 -0700 Simon Roberts wrote: > Is this not a feature that would find fairly widespread use? Indeed, > is it not a feature that might facilitate easier use of the software > and encourage wider adoption? I can see a point, but I don't encourage my accountants to send me lists of which changes they made. I'm sure their list of my business depreciation differs from mine, because I just need an approximate value for my decisions, and they need an exact one to give to the tax people. ___ 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] Receipt scanners and software
On Fri, 26 Jan 2024 22:30:58 -0600 "W. Neal Lewis" wrote: > I would also like to get barcode access as well. A bar code reader is simply a serial or USB entry device. It will give you the numerals in the bar code and let you enter them into a document / file / database etc. Turning those listed numerals into an item requires a database and a lookup table. My experience was with trying to catalogue the books in our house, using a bar code reader for the ISBN codes. Liz ___ 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?
Patrick, I agree completely but some of us are unfortunately pedantic. David Cousens On Sat, 2024-01-27 at 15:31 -0800, Patrick James wrote: > In my view it's going to be very difficult to justify spending any time > tracking a whole bunch of zeroes with a contra > equity account. I would not even want to see that on the books, much less > spend time every pay period adjusting the > contra account balance to some new amount less than 1. > > At the end, the final paycheck, I'm betting the final paycheck is also > rounded up, so that over the entire life of > employment, the maximum "extra" paid is under 1, with an expected value of > around 0.50. > > This is all just a bunch of zeros, and the cost to track it is less than the > value of the information. > > > > On 01/27/2024 3:14 PM PST David Cousens wrote: > > > > > > If you really want to track this you could setup a contra account to your > > Income acct which sums into the Income > > account e.g. > > > > first month: > > > > Income Credit 1800.50 > > Asset:Taxes withheld Debit 300.00 > > Income::Pay rounding Credit 0.50 > > Asset:Bank Debit 1501.00 > > > > second month: > > > > Income Credit 1800.30 > > Asset:Taxes withheld Debit 300.00 > > Income:Pay Rounding Debit 00.30 > > Asset:Bank Debit 1500.00 > > > > The balance in the Pay rounding account should hover around 0.00. and your > > bank account will record the correct > > balance > > in the account at the bank. > > > > > > I cannot for the life of me understand why any payroll system would be > > rounding to the nearest pound if they are > > using > > direct credit of your pay. To the nearest penny yes but not the nearest > > pound. Seems like a hangover from when they > > paid > > in cash and didn't want to be bothered with coins. > > > > David Cousens > > > > On Sat, 2024-01-27 at 08:17 +, 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 > > > ___ > > > 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. > > > > ___ > > 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. > ___ > 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. ___ 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?
In my view it's going to be very difficult to justify spending any time tracking a whole bunch of zeroes with a contra equity account. I would not even want to see that on the books, much less spend time every pay period adjusting the contra account balance to some new amount less than 1. At the end, the final paycheck, I'm betting the final paycheck is also rounded up, so that over the entire life of employment, the maximum "extra" paid is under 1, with an expected value of around 0.50. This is all just a bunch of zeros, and the cost to track it is less than the value of the information. > On 01/27/2024 3:14 PM PST David Cousens wrote: > > > If you really want to track this you could setup a contra account to your > Income acct which sums into the Income account e.g. > > first month: > > Income Credit 1800.50 > Asset:Taxes withheld Debit 300.00 > Income::Pay rounding Credit0.50 > Asset:Bank Debit 1501.00 > > second month: > > Income Credit 1800.30 > Asset:Taxes withheld Debit 300.00 > Income:Pay Rounding Debit00.30 > Asset:Bank Debit 1500.00 > > The balance in the Pay rounding account should hover around 0.00. and your > bank account will record the correct balance > in the account at the bank. > > > I cannot for the life of me understand why any payroll system would be > rounding to the nearest pound if they are using > direct credit of your pay. To the nearest penny yes but not the nearest > pound. Seems like a hangover from when they paid > in cash and didn't want to be bothered with coins. > > David Cousens > > On Sat, 2024-01-27 at 08:17 +, 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 > > ___ > > 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. > > ___ > 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. ___ 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?
If you really want to track this you could setup a contra account to your Income acct which sums into the Income account e.g. first month: Income Credit 1800.50 Asset:Taxes withheld Debit 300.00 Income::Pay rounding Credit0.50 Asset:Bank Debit 1501.00 second month: Income Credit 1800.30 Asset:Taxes withheld Debit 300.00 Income:Pay Rounding Debit00.30 Asset:Bank Debit 1500.00 The balance in the Pay rounding account should hover around 0.00. and your bank account will record the correct balance in the account at the bank. I cannot for the life of me understand why any payroll system would be rounding to the nearest pound if they are using direct credit of your pay. To the nearest penny yes but not the nearest pound. Seems like a hangover from when they paid in cash and didn't want to be bothered with coins. David Cousens On Sat, 2024-01-27 at 08:17 +, 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 > ___ > 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. ___ 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?
You are over complicating matters.
You are trying to record (account for) an UNKNOWN situation. At least I
think unknown. Are they telling you "we rounded this up by y amount and
will later round down to make up for it". Or, as I rather suspect, it is
just happening.
How about each month simply recording from your pay statement, ignoring
whether that was rounded up or down by a few pence.
You seem to be worrying about what your REAL pay is as opposed to what
is i-on your statement. In other words, thinking "my pay is REALLY X but
they paid me X + epsilon (or X - epsilon) so I owe them (or they owe me)
epsilon. A lot easier for you to not think of REAL amount being constant
but rather that your pay amount varies up an down by epsilon.
Michael D Novack
On 1/27/2024 11:11 AM, Oleander via gnucash-user wrote:
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 > ___ > 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.
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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
> > ___ > 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.
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Re: [GNC] How do you record the rounding of your netpay?
This rounding is not material to your financial condition. Tracking the rounding is not worth the time and effort necessary, so you could adjust your gross pay for the rounding. First month would be an increase (in pay/earnings) of €0.50, and the second month would be a decrease by €0.30. Over time your recorded Salary on your books will never drift more than €1, as there is always an adjustment to trend toward a €0 difference. 1st Month €1501 DR Cash €300 DR Taxes €1801 CR Salary 2nd Month €1500 DR Cash €300 DR Taxes €1800 CR Salary > On 01/27/2024 12:17 AM PST 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 > ___ > 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. ___ 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 to record tax credit for capital loss
Thank you Geoff! Yours is probably closer to what I had in mind when I started the thread. Thank you in particular for your precise screenshot, that's very helpful. I'll try to decide what's effectively best for me now, since it's not so obviously clear. On Thu, Jan 25, 2024 at 6:36 AM Geoff wrote: > Hi Mattia > > Please see attached a screenshot showing my suggestion - I am not an > accountant. For simplicity I have not split the Tax Credit accounts by > Broker and Year, but you already have this in hand. I have also > included the transaction for writing off a lapsed tax credit after 4 years. > > In words: > (1) Book the tax credit as an asset at the time of sale. > (2) Transfer the relevant tax credits to offset your income at tax time. > (3) Book any expired tax credits as an expense. > > > Hope this helps. > > Regards > > Geoff > = > > On 24/01/2024 8:43 am, Mattia Rizzolo wrote: > > Hello, > > > > I'd like some input on how to best record a tax credit due to capital > > loss, and possibly the following usage of such credit. > > Disclaimer: I'm not doing this for anything worth, it's a personal book > > that nobody but me sees, so I can take a few liberties and not follow > > whatever regulation to the letter. Besides, I have no formal education > > on accounting. > > > > > > The case is the following: > > > > 1 buy security A, cost $100 > > 2 buy security B, cost $100 > > 3 sell security A, get $90 > > 3a → record $10 loss > > 3b → get a $10 tax credit on following capital gains > > 4 sell security B, get $120 > > 4a → record $20 gain > > 4b → offset $10 from 3b > > 4c → pay tax on the remaining $10 (26%, $2.6 over here) > > > > I reckon all jurisdictions have something similar in concept, all with > > their differences in details. > > > > This is a tad further complicated by the fact that each broker has its > > own "bucket" of credits (can't comingle losses and gains across > > different brokers). Also the credits expire after 4 years, so I should > > record under which year they matured. As such, I expect an addition to > > my CoA, such as: > > Assets > >|- Credits > > |- Capital Loss credits > > |- broker 1 > > |- 2020 > > |- 2021 > > |- 2022 > > |- 2023 > > |- 2024 > > |- broker 2 > > |- 2022 > > . > > > > > > > > I've been using gnucash for ~3 years now, but I always procrastinated on > > figuring out the 3b/4b steps, just posting the resulting net tax > > transaction as computed by the broker. > > For me it's really not obvious what's the opposing account from where > > the money should come/go... > > How do people do it here? :) > > > > > > Thank you for all the hints! > > > > > > ___ > > 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. -- regards, Mattia Rizzolo GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`. more about me: https://mapreri.org : :' : Launchpad user: https://launchpad.net/~mapreri `. `'` Debian QA page: https://qa.debian.org/developer.php?login=mattia `- ___ 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?
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 > ___ > 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. ___ 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] 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.
