Transfer it both in and out on the after taxes tab. It's a wash and tax
neutral but ends up in your vacation account. (I do that for employer
contributions to 403b.)

Transfer it in on the before taxes tab when you take vacation.
--
Chris Cowles,
Gainesville, FL


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23LOprXnkEHA.208[at]TK2MSFTNGP12.phx.gbl...
- quote -

I was going to suggest that I'd probably treat this like the Healthcare
Spending Account. (I'm surprised to discover that there isn't a FAQ on this.
Shame on me.) You'd create a cash account (call it "Earned Vacation"). Then
you'd add some "income" to the wages tab, say in a category called Wages &
Salary:Earned Vacation that you set, otherwise, the same as your wages
category. Then you transfer this income on the before taxes tab to the
Earned Vacation account. When you use the vacation, you transfer this money
back into the before taxes tab of the paycheck, using a negative amount for
the transfer value and nothing on the wages tab, when they pay you for the
vacation.

But the more I think about it, this may not really make sense because I'm
really not sure how Money (US, much less UK) will treat this from a tax
reporting point of view. It's not your money yet. But to recognize it when
you accrue it, you just about have to somehow make it look like your money
at the time you accrue rather than when you realize it. This seems
problematic. You could try it and see how it works out for you.

I have essentially the same case, but it is reported to me in earned hours
per week. I don't track it in any way, probably because I can't put the cash
value on it until I actually take the hours as vacation. If they reported it
to me in cash value, I might feel differently about tracking it since $10 of
vacation earned today is not worth the same amount of time now as it will
be, say, a year from now.

"mak" <levack[at]NO_Spam_Allowed.hotmail.com> wrote in message
news:sfjij0du1d2b9dl0ho91tq26slqnvftn2m[at]4ax.com...
- quote -

I'm not sure if I should handle this like the FAQ handles imputed income.
If anyone has any suggestions that would be great.

With each pay, 4% of the gross is put into Vacation Banked. For instance
with this paycheque.

Earnings:
Gross Pay $10.00

Deductions:
EI $.20

Net Pay: $9.80

Vacation Banked: $.40

How would I record this in Paycheque in Money?

The $.40 is not considered income until I take my vacation days, otherwise
it's in limbo to an extent. It's not counted in with my Gross Pay but is
determined by the Gross Pay.

I don't necessarily have to track it and I can create an Excel spreadsheet
to do so but it would be nice to put it in Money nonetheless.

Thanks,

Mak