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

[Oleander]

Hi,
suppose that today I received my first paycheck from my new company, I add this entries:

First Paycheck

Income:Gross Pay €-1799.50

Expenses:Taxes €300

Liabilities:Rounding €-0.50

Assets:Bank:Checking €1500 ;; net pay

€0.50 is just lent to me, the next month this amount will be charged from my gross pay along with taxes and if the result is a floating point number it will be rounded up to the next integer and so on.

Now the questions are:

1) Is the above entry Liabilities:Rounding €-0.50 correct?

2) How do I record the amount that will be charged in the second paycheck?

Second Paycheck

```
Income:Gross Pay €-1799.80

Expenses:Taxes €300

????? {€0.50 to be charged}

Liabilities:Rounding €-0.70

Assets:Bank:Checking €1500 ;;net pay
```

-------- Original Message --------
On Jan 27, 2024, 16:23, Maf. King wrote:

> 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 > _______________________________________________ > 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.