Your answer demonstrates precisely why you need local professional advice. They can explain it for you based on your specific situation.
Regards, Adrien > On Mar 20, 2020 w12d80, at 2:27 AM, Long <phamhoanglon...@outlook.com> wrote: > > Hello, > > Thank you so much for helping me, guys. > I knew that, it's depend on my local. I just want to know cash flow for that > problems in GnuCash. > I had read some post after read your comment, and i see that, maybe i will > not follow what you told me. > You guys doing the same ways. Create the Liability, and Transfer that amount > to Expense each month for taxable income. I think it's wrong, For example : > > 1 - If you are parking car, you are not owe to the guard (Who will take your > parking fee when you leave) = Your Revenue is only your, You not owe > anything to government. > 2 - When you leave that place, you need to pay the parking fee = When the > year end, you need to pay personal income tax. > 3 - You forgot your money to pay parking fee, NOW, you owe to the guard = > You don't have enough money to pay tax, NOW, you owe to the government. > > I'm always try to make GnuCash follow to my real life (This is what GnuCash > does). So my decision is i will not create anything "virtual" in GnuCash. > > i'm not going to spent 10% of my income to pay tax every month. i just don't > want to spend that 10% of my income every month so that I will have 10% of > my total income at the end of the year to pay personal income tax. > > You can have read this post from GnuCash to have more details about this : > - https://wiki.gnucash.org/wiki/Budget_Requirements > From "But as discussed in previous sections ..... (or else it wont be > accurate)." > From "They aren't going to spent $100 every month ........ The extreme > disadvantage of this is that reconciling becomes very difficult." _______________________________________________ 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.
