[GNC] formulas in scheduled transaction templates?

[Adrien Monteleone]

Yes. But...

This is so complicated to set up, (due to the messy calculating of effective income tax rates and the fact your starting with net as opposed to gross pay) that you’re going to save much more time simply entering a transaction based on your check stub amounts. When you enter the second and subsequent transactions, the splits will auto-fill and you’ll just need to adjust the amounts. If you’re on a set salary, you could simply set a Scheduled Transaction for the exact amounts and schedule it to fire on payday. You should still review that transaction when it gets created in case of rounding differences or mid-year rate alterations.


Regards,
Adrien

> On Nov 16, 2018, at 11:13 AM, Elmar <etschme at gmail.com> wrote:
> 
> I have been watching the back and forth on automatically calculating taxes, etc. on invoices, and wondered about the following situation: when I download transactions form my bank, it gives me the net deposit of (e.g.) a salary.  Is there a way to create a template that back-calculates the various taxes and the gross amount that the net is derived from?  This may be US specific, but Social Security, Medicare, State and Federal taxes are all definable by percentage of the gross.  But template entries (for scheduled  transactions) do allow formulas, do they? - Elmar
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