Tagging additional values on transactions
Derek Atkins
warlord@MIT.EDU
10 Aug 2002 21:59:18 -0400
Conrad Canterford <conrad@watersprite.com.au> writes:
> It is a kind of tax credit. It could be manually entered into the
> transaction by having an extra split on the transaction, and a new
> account "Franking Credits" or some such. I'm not sure that automating it
> is likely to have much applicability outside au.
So it is an offset of the "income" from the dividend? Yea, this sounds
like instead of having the dividend transaction that looks like:
Dividend
Assets:MMF 5 $2.00 $10.00
Income:Dividend $10.00
You would have something that looks like:
Dividend
Assets:MMF 5 $2.00 $10.00
Income:Dividend $5.00
Income:Franking $5.00
Then your total "income" is the sum of the Income:Dividend and
Income:Franking accounts, but you have your Franking amounts,
too.
If this is how is works, then I agree, it should not be automated.
> Conrad.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
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