Thanks for the reply Rich. My main question is: is there a way to automate these calculations in GNUCash or for each transaction I need to compute and input each component of the income by hand? I have read the GNUCash documentation but I was not able to figure out if this is possible or not.
On Sun, Sep 19, 2021 at 8:32 AM Simone Gaiarin <simg...@gmail.com> wrote: > Hi all, > I need help in setting up GnuCash to achieve the following goal: > - Track my monthly net income (after taxes and pension fund contribution) > > Situation: > I give a service that I invoice per hour and the cost paid by the customer > consists of the following components: > > x: Cash payment = y + p1 > y: Service gross cost > p1: 1st pension fund contribution = 0,02 * y > > On y I have to pay also: > t1: tax I have to pay = 0,05 * y > p2: 2nd pension fund contribution = 0,10 * (y - t1) > > Accounts: > > - Income > > - Bank Account > > - Tax > - Pension fund > > Given that I pay out of my bank account the taxes twice a year and the > contribution to the pension fund twice a year, the 'Income chart' report > does not give me a clear view of my net income over the month. > > I tried to set up a tax table where I used some equivalent coefficients in > order to automatically assign t1 to Tax account and p1, p2 to the Pension > fund account (rather difficult given that here the tax and pension fund are > computed in cascade), but I wonder if this is the correct strategy (the > Pension fund account goes negative instead of positive for example). > > What is the correct way to proceed in order to obtain a monthly net income > chart considering the taxes and pension fund contribution percent over each > customer payment? > > Thanks > > _______________________________________________ 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.
