restarting

[David T.]

First point: I am definitely NOT an accountant!!!

That said, for this sort of thing, I use multiple accounts. 

I use one asset account to receive the cash from your paycheck (Assets:MyShareScheme)
I have a second account for the shares (I have mine as a subaccount of the cash account, e.g. Assets:MyShareScheme:TheShares)
I have a third account for the matching. I believe this is supposed to be recorded as Income (Income:MyCompanyMatch).

The paycheck transaction transfers funds from Income:MyIncome to the parent account. The shares get purchased with the money in the parent account (leaving the parent at 0). The matching part gets handled in a similar way, but as a separate set of transactions. [It may be possible to handle these as one complex transaction, but my feeble brain can only handle it as two]

This works nicely for me; I can tell at a glance whether I am up to date (since the parent account should be 0).

HTH,
David
--- On Wed, 7/7/10, Maf. King <maf at chilwell.net> wrote:

> From: Maf. King <maf at chilwell.net>
> Subject: Re: restarting
> To: gnucash-user at gnucash.org
> Date: Wednesday, July 7, 2010, 8:34 AM
> On Wednesday 07 July 2010 07:35:37
> Rob Cussons wrote:
> > Hi Fred,
> >
> > thanks for that. It's actually a scheme where shares
> are bought on a
> > monthly basis but the payment is taken from your gross
> income, so you
> > aren't paying tax or national insurance. You also get
> two matching shares
> > per share you buy (max. 6 per month) providing you
> keep the share you
> > bought for three years. What type of account would
> this be best suited to?
> >
> > Thanks for your help,
> > Rob.
> 
> Hi,
> 
> Sounds like an asset account to me, if I understand you
> correctly.
> 
> Say you get $100 salary, and are taxed at 10%,  I
> think the txn would look 
> something like:
> 
> Income:Salary           
>             100
> Asset:sharesXYZ       
> 10.00  (2 shares costing $5?)
> Expenses:Tax           
>    9.00
> Bank:Checking         
>    81.00
> 
> I'd suppose that the extra free shares might be a gift, but
> you would probably 
> be best talking to a tax professional who knows about your
> local rules etc.
> 
> HTH
> Maf,
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