When I am adding a new recurring salary event, do I use the gross wage amount or the net wage paid? Then do I list the various taxes separately in the expenses list?
Permalink Submitted by Soft and the City on Sun, 03/08/2015 - 14:11.
Hello, sorry for delay.
1. Gross or Net?
Answer is net. All amounts are supposed to be net ones.
2. Then do I list the various taxes separately in the expenses list?
In Cash And The City you should enter taxes (as expenses) only if they are separate payments.
Otherwise there is no need to enter them because all amounts are net.
Adding Salary - Gross or Net
Hello, sorry for delay.
1. Gross or Net?
Answer is net. All amounts are supposed to be net ones.
2. Then do I list the various taxes separately in the expenses list?
In Cash And The City you should enter taxes (as expenses) only if they are separate payments.
Otherwise there is no need to enter them because all amounts are net.
Let me know if you have more questions.
Best regards,
Vadim, Soft And The City.
RE: Your prompt reply
Thank you, Vadim for your quick response...this will get me started!
Best wishes,
Diane