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

[Michael or Penny Novack]

You are over complicating matters.
You are trying to record (account for) an UNKNOWN situation. At least I 
think unknown. Are they telling you "we rounded this up by y amount and 
will later round down to make up for it". Or, as I rather suspect, it is 
just happening.

How about each month simply recording from your pay statement, ignoring 
whether that was rounded up or down by a few pence.

You seem to be worrying about what your REAL pay is as opposed to what 
is i-on your statement. In other words, thinking "my pay is REALLY X but 
they paid me X + epsilon (or X - epsilon) so I owe them (or they owe me) 
epsilon. A lot easier for you to not think of REAL amount being constant 
but rather that your pay amount varies up an down by epsilon.

Michael D Novack





On 1/27/2024 11:11 AM, Oleander via gnucash-user wrote:
> 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.
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There is no possibility of social justice on a dead planet except the equality of the grave.