[GNC] How do you record the rounding of your netpay?

[Maf. King]

I don't have this sort of rounding arrangement on my paychecks, but I do have 
similar with one shareholding I have.

I suggest you use GC to model reality, as far as possible.. 

 Each paycheck gives you pennies of a liability (loan) from your employer.   
So use a liability account in your GC tree for "payroll rounding", and 
transfer into and out of that each cycle.

HTH,
Maf.




On Saturday, 27 January 2024 08:17:03 GMT Oleander via gnucash-user wrote:
> Hello everyone,
> 
> how do you record the rounding of your netpay?
> 
> After subtracting taxes from my gross pay, if the result of my net pay is a
> floating point number, my company rounds this number up to the next integer
> then credits the amount to my bank account. But the rounding is just a
> loan, the next month it will be charged from my gross pay along with taxes
> and if the result of my net pay again is a floating point number, it will
> be rounded up to the next integer and then credited to my bank account and
> so on.
> 
> Eg:
> 
> 1st Month
> 
> Gross Pay = €1800.50
> 
> Taxes = €300
> 
> Netpay = 1500.50 --> 1501€ (amount credited to my bank account)
> 
> 2nd Month
> 
> Gross Pay = €1800.30
> 
> Taxes = €300
> 
> 1st Month Rounding = €0.50
> 
> Netpay = 1499.80 --> 1500€ (amount credited to my bank account)
> 
> Thank you
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