Does 1.7.7 have payroll tax withholding?

[Michael D. Crawford]

I desperately wish to stop using QuickBooks and start using GnuCash for my 
consulting business.

But to be able to do so, I need to be able to account for payroll tax withholding.

It's OK if it doesn't actually calculate the withholding, as I already do that 
in a spreadsheet.  (I was never willing to pay for Intuit's tax table 
subscription service, as I was offended at the notion that I should have to pay 
for what the government gives away for free.)

It's OK if I have to calculate the withholding myself and enter it manually. 
But I need it accounted for.

What I need to do is enter a gross paycheck amount, and deduct various taxes 
that would increase in tax liability accounts.  Writing the actual checks to 
the government would decrease the tax liabilities.

The gross amount minus the deductions would be the amount the employee's check 
would actually be written for.

I would need to be able to report the total amounts of the gross and 
withholding at the end of the year.

But further I need accounts for employer contributions that aren't withheld. 
These would be the employer's portion of social security and medicare, and 
unemployment insurance.  These are simply added to the tax liability accounts 
as each paycheck is written.

I would switch over in an instant if 1.7.7 could do that.  If you tell me that 
it does I'll start working at testing it with my real books.

Thanks,

Mike
-- 
Michael D. Crawford
GoingWare Inc. - Expert Software Development and Consulting
http://www.goingware.com/
crawford@goingware.com

      Tilting at Windmills for a Better Tomorrow.