PTO in GnuCash?

[David T.]

Another way such time might have value is for people whose accrued PTO is used at retirement to calculate benefits.

While I too can't speak for the OP, I know that in my job I fill out my time card at the end of the month, and when I write my PTO in, I have to ensure that I actually have the time stored up to take. Of course, that information is listed on my pay stub from the beginning of the month, and I never remember what the exact numbers are. So I'm always guessing.

It never occurred to me to use GnuCash to track this, but I might. If I were to do this, maybe I would treat PTO as a privately traded stock that accrues monthly. Then I'd deduct used time to a special expense account. I am sure there's something wrong with this, no doubt.

David

--- On Sat, 7/24/10, Richard Mancusi <vrman49 at gmail.com> wrote:

> From: Richard Mancusi <vrman49 at gmail.com>
> Subject: Re: PTO in GnuCash?
> To: "Gnucash-User" <gnucash-user at gnucash.org>
> Date: Saturday, July 24, 2010, 11:15 AM
> 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
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