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 <ngoonee.t...@gmail.com> 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 beancount+unsubscr...@googlegroups.com. > To post to this group, send email to beancount@googlegroups.com. > To view this discussion on the web visit https://groups.google.com/d/ > msgid/beancount/CAGQ70ev8Va%2Bt0XhO3vBQx9KuWJPkGPqaxDBtDcz > iTvsbbMatyQ%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 beancount+unsubscr...@googlegroups.com. To post to this group, send email to beancount@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAFL5w3VRw_0CLNYEPLT-MqQD0Kuqbir6yFVT5wJkwdAuz4LvqQ%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
