GnuCash vs. Quicken

[deane@gooroos.com]

On Wed, Dec 04, 2002 at 01:57:40PM -0800, Rich Shepard wrote:
> 
>   You get your paycheck and deposit it in your bank. Within gnucash you can
> handle this in one of at least two ways.
[...]
> 	2) You have a Current Asset checking account, an income account and
> liability accounts for withheld taxes. Again, you credit the _gross_ amount
> of your pay into the Income account. But, this time, you make a split
> transaction for the other side: the _net_ amount is debited to your Asset
> (checking) account and the withheld taxes are credited to the tax liability
> accounts.

Your debits and credits don't balance.

Shouldn't you be *debiting* the withheld taxes?  After all, by being
withheld, they represent taxes which you've now paid, so your tax liability
for the year has decreased and liabilities are decreased by a debit.

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