Sorry David, I didn't mean to imply I prefer the second to the first option. I just thought it easier to show by editing one of your versions, and happened to pick the second. I could as easily have picked the first.
In my reply I replaced your "Income:Me" with "Assets:my bank account". The point is that, when the SIPP is in the same GC file as my other assets, the transaction is from one asset (the bank account I used to pay into the SIPP) to another asset (my SIPP). It's not from an income account to the SIPP, so it can't appear in a report of income. If I keep the SIPP in a separate dedicated GC file, then no problem: my contribution appears in the main GC file as an expense against my bank account and as an income in the SIPP GC file. I just wondered if there was a way of keeping all assets in one file. Ruaraidh On Thu, 30 Apr 2020 at 14:41, D. <sunfis...@yahoo.com> wrote: > ??? > > Perhaps this is a terminology thing, but aren't you just re-presenting the > second option I gave originally? > > Think of it another way: there are two sources for the funding of your > SIPP: your contribution, and the government's. How you handle your own > contribution depends on your workflow; the government is giving you money, > so that's an income account. I offered two methods of recording that > two-step; yours is a repetition of my second method. > > I personally use the first, since the two events are inextricably linked > (the second never happens without the first). > > Or am I missing something? > > David > > > -------- Original Message -------- > From: Ruaraidh Sackville Hamilton <ruaraidh...@gmail.com> > Sent: Thu Apr 30 17:20:34 GMT+05:30 2020 > To: "D." <sunfis...@yahoo.com> > Cc: Gnucash Users <gnucash-user@gnucash.org> > Subject: Re: [GNC] Reporting transactions > > That covers it if the SIPP is in a separate GC file of its own, where my > contribution is an income (and an expense from my bank account in the main > GC file, which I use to fund the contribution). > > But if it's all in one GC file we have > > 01-01-2020 SIPP Contribution Assets:SIPP £100 > My contribution Assets:my bank account £100 > > 01-01-2020 SIPP Govt Contribution Assets:SIPP £25 > Government contribution Income:GovContrib £25 > > Am I wrong? > > Ruaraidh > > On Thu, 30 Apr 2020 at 12:33, D. <sunfis...@yahoo.com> wrote: > > > Set up an independent income account for the government contributions: > > > > Income:GovContrib > > > > Then add either a split to your contribution for the government, > > > > 01-01-2020 SIPP Contribution Assets:SIPP £125 > > My contribution Income:Me £100 > > Government contribution Income:GovContrib £25 > > > > or a separate transaction, > > > > 01-01-2020 SIPP Contribution Assets:SIPP £100 > > My contribution Income:Me £100 > > > > 01-01-2020 SIPP Govt Contribution Assets:SIPP £25 > > Government contribution Income:GovContrib £25 > > > > That should cover it, yes? > > > > > > > > > > -------- Original Message -------- > > From: Ruaraidh <ruaraidh...@gmail.com> > > Sent: Thu Apr 30 15:17:04 GMT+05:30 2020 > > To: gnucash-user@gnucash.org > > Subject: [GNC] Reporting transactions > > > > I have another question related to UK tax reporting obligations. > > > > In the UK we can have a type of asset called a SIPP (Self-invested > Personal > > Pension). You pay money into a SIPP with the idea of building up an > income > > for your retirement. The carrot is, you get a tax rebate. For example if > > you > > pay 100 GBP into the SIPP, the government pays in another 25 GBP. > > > > For our annual tax reports, we have to report the total added to the SIPP > > during the tax year: the amount we pay in personally, plus the amount > that > > the government pays in, i.e. 125 GBP in the above example. > > > > This is easy to do if I keep the SIPP in a separate GC book. Then all > > personal contributions and the Government's additional contributions can > be > > put into the same income account. Easy. What's not so good is that (a) I > no > > longer have an overview of all assets in one book and (b) to do my one > tax > > report I have to do two separate GC tax reports. > > > > Is there a better solution? Either something that allows me to keep > > everything in one book, or a way that allows reports to query two books? > > > > > > > > -- > > 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. 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