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

[Robin Chattopadhyay]

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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