As has been pointed out, the "salary" is usually NOT the same as gets deposited in the checking account, due to taxes and other things taken out of your (well, most people's) paychecks:
So, if you deposit $5000 into your checking, perhaps it should look something like this: $5000 "deposit" to checking $6000 "income" to salary $500 expense to income tax $250 expense to FICA (social security) $200 expense to health insurance $50 expense to dental insurance. Clearly, I just made up your total salary and the amounts taken out... I also assumed the USA with FICA. If part of your salary goes into some kind of retirement account, that should be tracked as well. On Tue, Sep 3, 2024 at 2:56 PM Boniforti Flavio <bonifort...@gmail.com> wrote: > Hi David and thanks for your reply. > As I'm really a newbie, please excuse my struggle in getting "debit" and > "credit" right with regards to the various accounts :-( > > So for a gift I received, let me see if I got it right: > > 100 as "deposit" on my checking account; > 100 as "income" on my "gifts received". > > For salary: > > 5000 as "deposit" on my checking account; > 5000 as "income" on my salary account. > > Thanks, > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Di., 3. Sept. 2024 um 21:21 Uhr schrieb David Warren <da...@warren1.net > >: > > > Hi. EVERY Gnucash entry is DOUBLE ENTRY. > > > > But you've answered your own question. > > > > Debit Assets:Current Assets:Checking Account for $100 > > Credit the income account of your choice but Income:Gifts Received is > > exactly what I would use too! > > > > For Salary, Debit Checking Account, Credit Income:Salary Received. > > > > On Tue, Sep 3, 2024 at 2:22 PM Boniforti Flavio <bonifort...@gmail.com> > > wrote: > > > >> Hi all. > >> I've received 100 bucks from a relative as a gift, which he sent to me > via > >> bank wire transfer. > >> In my GnuCash accounts I do have one called "Income:Gifts Received" and > I > >> also of course have the "Assets:Current Assets:Checking Account", where > >> the > >> money from the gift finally landed. > >> > >> How should I proceed to register this gift I received? I don't see any > >> reason to do a "double-entry", because the money is not coming from one > of > >> my accounts - it's just getting INTO one of my accounts from external... > >> Same question for my salary, of course. > >> > >> Thanks for your help, > >> F. > >> > >> https://www.instagram.com/boniforti_music > >> https://soundcloud.com/boniforti_music > >> https://bonny-j.bandcamp.com > >> _______________________________________________ > >> gnucash-user mailing list > >> gnucash-user@gnucash.org > >> To update your subscription preferences or to unsubscribe: > >> https://lists.gnucash.org/mailman/listinfo/gnucash-user > >> ----- > >> 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 > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
