[GNC] [newbie] how to treat a gift?

[Maf. King]

On Tuesday, 3 September 2024 22:54:42 BST Kalpesh Patel wrote:
> Couldn't one can elect to track paycheck by net rather than gross?
> 

One could. but one probably shouldn't.

Extending the thought exercise, one could elect to  just record all income / 
expenses to the singular top-level accounts, wih no sub-division or 
granularity.

Would it be a good idea?   probably not.
Would GC allow it?  of course.

Would one be able to answer common questions later on? (eg. how much did I 
spend on widgets this year against last year?   How much tax did employer Y 
deduct from my pay so far this year?) - Not without a lot of pain!

0.02
Maf