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

[Patrick James]

This rounding is not material to your financial condition.

Tracking the rounding is not worth the time and effort necessary, so you could adjust your gross pay for the rounding.

First month would be an increase (in pay/earnings) of €0.50, and the second month would be a decrease by €0.30. Over time your recorded Salary on your books will never drift more than €1, as there is always an adjustment to trend toward a €0 difference.

1st Month

€1501 DR Cash
€300 DR Taxes
€1801 CR Salary

2nd Month

€1500 DR Cash
€300 DR Taxes
€1800 CR Salary



> On 01/27/2024 12:17 AM PST Oleander via gnucash-user <gnucash-user at gnucash.org> 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
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.