How to work with Prepaid transport card

[Buddha Buck]

I would set up a "Liability:Prepaid Transport Card" account, and
transfer $150 from it to the "Asset:Transport Card" account on
January.  Then, when I get my monthly paycheck, I would transfer $50
from "Income:Gross Salary" to the "Liability:Prepaid Transport Card"
account.

Assuming I got paid $5000 monthly, the set of transactions this would
generate would look like:

1/1 Transport card; debit Asset:Transport Card $50, credit
Liability:Prepaid Transport Card $50
1/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000
2/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000
3/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000

4/1 Transport card; debit Asset:Transport Card $50, credit
Liability:Prepaid Transport Card $50
4/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000
5/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000
6/1 Salary; debit Asset:Cash: $4850, debit Liability:Prepaid Transport
Card $50, credit Income:Salary $5000

etc.

On Thu, Jan 3, 2013 at 11:02 AM, AmadorC <amador.cervera at gmail.com> wrote:
> Hello,
> I receive a transport card as part of my salary every 3 months, charged with
> a specific amount. This amount is discounted from my base salary, but on a
> monthly basis. For example, I receive a transport card for January-March
> period charged with $150 on January. Then, my base salary gets discounted
> $50 on January, $50 on February and $50 on March. What is the best way to
> track this on GnuCash?
> I'm currently doing this:
> - I have an *Asset:Transport Card* account, and track $150 on January.
> - I have an *Income:Transport Card* account, and track $150 on January.
> - finally, I track my salary minus $50 into *Income:Salary* on January,
> February and March.
> But this is not what's really going on... Any suggestion?
>
> Thanks in advance!
>
>
>
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