[GNC] GNUCash beginner setup

[jess]

Thanks for the patience and help, I appreciate it. If I may ask another
account setup questions, how do you propose to handle income tax and other
contributions from your salary slips? 

I am a salaried individual with regular monthly income. The salary slips
reflect the gross income which contains deductions to health insurance,
social security contributions etc. The net income is finally credited to my
bank account. In the end of the year, I have a yearly consolidated form
which mentions my various contributions (social security, pension, health
insurance, tax etc.) from my salary slips for that FY (Financial Year). For
example, this tabular form would mention

Income Tax Paid - 100€
Health Insurance - 40€
Pension - 30€
Social Security - 20€

Some other details - 

 (i) My goal is to track yearly contributions, I do not quite need monthly
details. 

 (ii) I plan to import monthly bank transactions from my bank accounts in a
CSV format 

 (iii) Tax and other contributions may wary throughout the year due to bonus
received

 (iv) I have a separate account for "Income : Tax Refund" to see income
earned back from taxes

 (v) I want to track fine grained contributions viz. I have a separate
account for every contribution "Income Tax", "Social Security", "Pension"
etc.

 (vi) Contributions could be split between me and employer. For example, 10%
of income for total health insurance where I contribute 5% and employer
contributes 5%. But, the entire 10% is counted towards the gross income
statement. Income tax rates are based on gross incomes


I currently have two options which come to my mind.

Option 1 - Monthly Salary Slip entries

In this option, I will merely inflate the gross "Income" to "Net Income" (as
reflected on my bank account) + Contributions. The gross salary will flow
into the "Income" account and contributions will flow into the "Expense"
accounts - one for each 

Pros - I have monthly entries, up to date information at any given point of
time

Cons - Difficult to enter every month due to (iii), bank transaction CSV
import only reflects net income and additional account entries required

Option 2 - Yearly Entries Based on Wage Tax Form as mentioned above

Here, I will just enter the contributions yearly into a separate individual
"Expense" accounts once a year. I am unsure on how to handle the "Income"
accounts year. My immediate idea is to create "Income" accounts for every
contribution. For example

"Income : Social Security" , "Expense : Social Security"

"Income : Health Insurance", "Expense : Health Insurance" and so on

Pros - Easier to work with, transaction import CSV process does not
interfere

Cons - Difficult to handle contributions as some contributions are employers
but part of the gross income (Refer (vi)


Given these options, what do you recommend? I am particularly concerned and
out of wits for point (vi). It seems complicated to handle.  



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