401k is an asset. When I compute net worth I apply estimated taxes with a rate that depends on the account, e.g. pre tax, Roth, taxable, etc. In that sense assets is "gross" but I'm not sure it makes sense to say that.
I don't track pension at the government (social security). It's an expense from my pov on the payroll. On Sat, Aug 5, 2023, 07:23 Tianwei Dong <leo.t.d...@gmail.com> wrote: > Pension(401K) normally is before tax, putting that as an Assets account > will kind of inflate the Assets in the Balance sheet. > > How do everyone handle this? > > Thanks > > -- > 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 beancount+unsubscr...@googlegroups.com. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/03ae3bfa-38f0-40fa-9e94-dff47e9f6438n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/03ae3bfa-38f0-40fa-9e94-dff47e9f6438n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- 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 beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhOabX3CSqiVKQMrmbXdNWP_OcuU8h8Ot0ULqh4RLYNhAA%40mail.gmail.com.
