Yep, that's an alternative, but is it necessary? Not sure what potential problems I may (or may not) face either way.
On Fri, Feb 3, 2017 at 10:10 AM, yegle <[email protected]> wrote: > If the contribution to EPF/Socso is tax free, you can have 3 transactions > for each payslip, two of them being Income:EmployerContribution:(EPF|Socso) > to Assets:(EPF|Socso). > > I don't see a problem of duplicating names here. > > On Thu, Feb 2, 2017 at 5:53 PM, Oon-Ee Ng <[email protected]> wrote: > >> Having just switched from Gnucash to beancount I thought I may as well >> record my salary properly from the payslips I keep stashed around. >> >> My previous method was just to record the final amount I received in my >> bank account (all deductions already done), and when tax time came to just >> cross check the EA form (local name, basically a list of compensation and >> mandatory/voluntary contributions made in relation to my employment in a >> tax year) my employers gave me with the 13+ payslips I'd received in that >> tax year (including bonus/supplementary jobs). >> >> This ignored my own (and my employer's) contributions to what we call the >> EPF and Socso accounts (I think they're fairly analogous to 401k accounts >> in the US, mandatory contribution defined-contribution retirement savings >> programmes). I receive an annual report of the amounts in that account but >> just store those because I can't touch it for decades yet anyway. >> >> The more correct way which I want to do starting this financial year is >> to record my actual salary (rather than the amount which arrives in my bank >> account) and contra correctly with all amounts. Here's how things look like >> in my transaction now, copied exactly from my payslip:- >> >> 2017-01-01 * "" "January Salary" >> Assets:Banking:MyBank:SavingsAccount A MYR >> Income:Salary -B MYR >> Expenses:Tax:Y2017 C MYR >> Assets:EPF D MYR >> Assets:Socso E MYR >> Income:EmployerContribution:EPF -F MYR >> Income:EmployerContribution:Socso -G MYR >> Assets:EPF F MYR >> Assets:Socso G MYR >> >> Note that my EPF/Socso Assets account appears twice. This is because the >> law mandates that I make a contribution (first two appearances), and that >> my employer makes a contribution (last two appearances). >> >> This doesn't seem to raise any errors, but double-contribution to a >> single account seems slightly odd to me. Will I face any problems recording >> my salary in this manner? >> >> -- >> You received this message because you are subscribed to the Google Groups >> "Beancount" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To post to this group, send email to [email protected]. >> To view this discussion on the web visit https://groups.google.com/d/ms >> gid/beancount/CAGQ70ev8Va%2Bt0XhO3vBQx9KuWJPkGPqaxDBtDcziTvs >> bbMatyQ%40mail.gmail.com >> <https://groups.google.com/d/msgid/beancount/CAGQ70ev8Va%2Bt0XhO3vBQx9KuWJPkGPqaxDBtDcziTvsbbMatyQ%40mail.gmail.com?utm_medium=email&utm_source=footer> >> . >> For more options, visit https://groups.google.com/d/optout. >> > > > > -- > Yuchen Ying > https://about.me/yegle > > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > To view this discussion on the web visit https://groups.google.com/d/ > msgid/beancount/CAFL5w3VRw_0CLNYEPLT-MqQD0Kuqbir6yFVT5wJkwdAuz4LvqQ > %40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CAFL5w3VRw_0CLNYEPLT-MqQD0Kuqbir6yFVT5wJkwdAuz4LvqQ%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAGQ70evaKmzLoK6NBzzMV7S%2B5zep1OvVdL2a3df%3DEoxymo2O0Q%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
