PTO in GnuCash?

[Steve Kelem]

  PTO is an asset.  It accrues in an account and when you take PTO, some of the PTO goes away.
There is, as some have mentioned, the possibility of PTO being converted to cash.
In some ways, PTO is like stock options.  It accrues, in might have value.  It might not.

Steve



Michael DeBusk said the following on 07/24/2010 11:59 PM:
> On 07/24/2010 02:15 PM, Richard Mancusi wrote:
>
> In my company, PTO is a terminal benefit UNLESS one is terminated for
> any of a short list of reasons. If there are any reasons at all why they
> could prevent me from having it, I would not consider it an asset.
>
> If it belonged to me no matter what, I'd probably think differently. But
> my books are cash-basis, not accrual, so I still feel I can't claim it
> as mine until it's actually paid out to me.
>
> If I were to track PTO in GnuCash, I'd have to call PTO an asset. If I
> debit Assets:Current Assets:PTO, what account would I credit? It isn't
> income (in a set of cash books) until it's paid to me.
>
> Interesting problem.
>