It's a regular asset account. On Fri, 15 Nov 2019, 11:17 gn00b, <leo57ye...@hotmail.com> wrote:
> My employer gives employees $350 under a wellness spending account to spend > on whatever we want. I claim it on public transit fares. This $350 is > considered a taxable benefit and every bi-weekly paycheck, $13.46 gets > added > to gross income. What would be the credit side of transaction number 2 and > the debit side of transaction number 3? > > 1. Spend $350 loading up my public transit fare card. > Dr Prepaid Public Transit 350 > Cr. Bank 350 > > 2. Claim $350 on this account and then it directly deposits this into my > bank account. > Dr. Bank 350 > * Cr. What is this account? 350* > > 3. Every paycheck, $13.46 is counted as income on my paystub > Dr. Bank (Net Pay) 1300 > Dr. Income Tax Withholding 700 > *Dr. What is this account? 13.46* > Cr. Gross Income 2000 > Cr. Taxable Benefit Income 13.46 > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
