PTO in GnuCash?

[Richard Mancusi]

On Fri, Jul 23, 2010 at 20:10, Michael DeBusk <michael at nlphilia.com> wrote:
> On 07/23/2010 04:01 PM, Steve Kelem wrote:
>
>> What's the best way to model PTO in GnuCash?
>
> I don't understand the benefit of tracking the value of PTO. It isn't an
> actual asset; it's a benefit. (You probably don't track the value of any
> of your other benefits, do you?)
>
> If your reasoning makes sense to me, I might start doing it too. :)
>

Obviously I can't speak for the OP - however I can tell you why
it may make sense.  This is strictly an issue of how each company
handles their PTO.  I have worked some places where unused PTO
is paid out at the end of the year.  For that matter so was the unused
vacation time.  Therefore it seems logical that those benefits are
also assets.  One way of looking at it is that you have "x" dollars
due you at the end of the year.  As you use any of that time its
value decrements - sounds like an asset to me.

One other less pleasant note ... if you lose your job, you may be
entitled to a payout of unused vacation or PTO.

Again, in both cases, it would be a question of how the HR department
of each company handles this time.  Paid out if not used  -or-  not.

-rich