[GNC] Set up GnuCash to track monthly net income considering taxes and pension fund contributions

[Simone Gaiarin]

This seems an acceptable solution. Thanks.

On Sat, Sep 25, 2021 at 4:07 PM Robin Chattopadhyay <robinraymn at gmail.com>
wrote:

> You can achieve the ad-hoc nature of a templated transaction by setting
> the frequency of the scheduled transaction to 'Once'.
>
> Set up your scheduled transaction, set the frequency to 'Once', run the
> scheduled transactions/Since Last Run option, fill in the variables, then
> proceed.
>
> The next time you want to run that specific template, edit the scheduled
> transaction by changing the start date and running the scheduled
> transaction process again.
>
> Robin
>
> On Sat, Sep 25, 2021 at 5:12 AM Christopher Lam <christopher.lck at gmail.com>
> wrote:
>
>> The only mechanism that really exists to have "templated arbitrary
>> formulas" is to use the periodic Scheduled Transactions. It would be nice
>> to have them created ad-hoc (ie menu item Create Transaction from Template
>> which pops up a list of available templates)  instead of periodically...
>>
>> On Sat, 25 Sep 2021, 5:34 pm Simone Gaiarin, <simgunz at gmail.com> wrote:
>>
>> > Thanks for the reply Rich.
>> >
>> > My main question is: is there a way to automate these calculations in
>> > GNUCash or for each transaction I need to compute and input each
>> component
>> > of the income by hand?
>> > I have read the GNUCash documentation but I was not able to figure out
>> if
>> > this is possible or not.
>> >
>> > On Sun, Sep 19, 2021 at 8:32 AM Simone Gaiarin <simgunz at gmail.com>
>> wrote:
>> >
>> > > Hi all,
>> > > I need help in setting up GnuCash to achieve the following goal:
>> > > - Track my monthly net income (after taxes and pension fund
>> contribution)
>> > >
>> > > Situation:
>> > > I give a service that I invoice per hour and the cost paid by the
>> > customer
>> > > consists of the following components:
>> > >
>> > > x: Cash payment = y + p1
>> > > y: Service gross cost
>> > > p1: 1st pension fund contribution = 0,02 * y
>> > >
>> > > On y I have to pay also:
>> > > t1: tax I have to pay = 0,05 * y
>> > > p2: 2nd pension fund contribution = 0,10 * (y - t1)
>> > >
>> > > Accounts:
>> > >
>> > > - Income
>> > >
>> > > - Bank Account
>> > >
>> > > - Tax
>> > > - Pension fund
>> > >
>> > > Given that I pay out of my bank account the taxes twice a year and the
>> > > contribution to the pension fund twice a year, the 'Income chart'
>> report
>> > > does not give me a clear view of my net income over the month.
>> > >
>> > > I tried to set up a tax table where I used some equivalent
>> coefficients
>> > in
>> > > order to automatically assign t1 to Tax account and p1, p2 to the
>> Pension
>> > > fund account (rather difficult given that here the tax and pension
>> fund
>> > are
>> > > computed in cascade), but I wonder if this is the correct strategy
>> (the
>> > > Pension fund account goes negative instead of positive for example).
>> > >
>> > > What is the correct way to proceed in order to obtain a monthly net
>> > income
>> > > chart considering the taxes and pension fund contribution percent over
>> > each
>> > > customer payment?
>> > >
>> > > Thanks
>> > >
>> > >
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>