Re: [GNC] Separating tax years for payments in next year
I just start my description "2023 Q1 fed estimate" or similar in my tax payable account. If you do that, you can use a filter for reports. Also, since I use a liability account, I can reconcile it after filing. Then you can filter the account itself for unreconciled transactions, which will then just show 2024 estimates. On 2024-03-08 04:54 PM, David G. Pickett via gnucash-user wrote: I recently created ExpenseAccounts/Taxes/FederalEven and ExpenseAccounts/Taxes/FederalOdd to allow me to get a meaningful report on estimated tax and various tax withholding. The payments in Jan 2024 for 2023 estimated and later for 2-23 tax due do not clutter the reports on 2024 tax year, and the 2022 items do not get into the 2023 report. Is there a better way to deal with this? ___ 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] Separating tax years for payments in next year
Why not create a transaction for the appropriate year between tax expense and tax payable? Dr. Expenses:FederalTax Cr. Liabilities:FederalTaxPayable Then when you actually pay, Dr. Liabilities:FederalTaxPayable Cr. Checking (or whatever source account) That way, the expense shows up for the year of the first transaction, the payment for the year of the second. Both are correct and in their respective accounting periods. Regards, Adrien On 3/8/24 3:54 PM, David G. Pickett via gnucash-user wrote: I recently created ExpenseAccounts/Taxes/FederalEven and ExpenseAccounts/Taxes/FederalOdd to allow me to get a meaningful report on estimated tax and various tax withholding. The payments in Jan 2024 for 2023 estimated and later for 2-23 tax due do not clutter the reports on 2024 tax year, and the 2022 items do not get into the 2023 report. Is there a better way to deal with this? ___ 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] Separating tax years for payments in next year
Subfolders is a good alternative, better for reports over multiple years but more maintenance creating and destroying folders. If GNUCash wanted, they might make a magic subcategory /Prior to qualify the date's year to year - 1, but that seems very tricky to code into every date filter. Automatic subfolder creation (and when empty deletion?) by year as an attribute of the parent folder might work better, and support many such categories. On Saturday, March 9, 2024 at 01:43:41 PM EST, R Losey wrote: I like the idea -- I usually just "remember" that the Jan payment is for the previous year. But if you're going to make sub-accounts under taxes, why not use actual years? Taxes/Federal/2023 and Taxes/Federal/2024. Once a year is done with, you can easily hide the account so that it doesn't show up in your list of accounts. On Fri, Mar 8, 2024 at 3:55 PM David G. Pickett via gnucash-user wrote: I recently created ExpenseAccounts/Taxes/FederalEven and ExpenseAccounts/Taxes/FederalOdd to allow me to get a meaningful report on estimated tax and various tax withholding. The payments in Jan 2024 for 2023 estimated and later for 2-23 tax due do not clutter the reports on 2024 tax year, and the 2022 items do not get into the 2023 report. Is there a better way to deal with this? ___ 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. -- _ 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.
Re: [GNC] Separating tax years for payments in next year
I like the idea -- I usually just "remember" that the Jan payment is for the previous year. But if you're going to make sub-accounts under taxes, why not use actual years? Taxes/Federal/2023 and Taxes/Federal/2024. Once a year is done with, you can easily hide the account so that it doesn't show up in your list of accounts. On Fri, Mar 8, 2024 at 3:55 PM David G. Pickett via gnucash-user < gnucash-user@gnucash.org> wrote: > I recently created ExpenseAccounts/Taxes/FederalEven and > ExpenseAccounts/Taxes/FederalOdd to allow me to get a meaningful report on > estimated tax and various tax withholding. The payments in Jan 2024 for > 2023 estimated and later for 2-23 tax due do not clutter the reports on > 2024 tax year, and the 2022 items do not get into the 2023 report. Is > there a better way to deal with this? > ___ > 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. > -- _ 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.
