Re: Handling benefits in kind

2021-02-26 Thread Pedro F
Thanks Dan, that makes a lot of sense and lines up with Ben's suggestion as well. I think in my case I'll keep the income leg separate as well in an "Income:Hooli:BIK" instead of adjusting the ":Salary" leg. This way I retain the distinction between the "real" salary and the benefits, but apart

Re: Handling benefits in kind

2021-02-26 Thread Daniele Nicolodi
Hello Pedro, except the name, which I never heard before, I think this form of benefits is rather common. The way I handle it is to simply record it as an expense, ie the fact that the money never reaches my bank account is not relevant for accounting purposes. The expense is recorded as a posting

Re: Handling benefits in kind

2021-02-26 Thread Ben Blount
Putting it in Expenses makes a lot of sense. I was originally thinking Equity since it's not an expense that you personally pay, but since it's an expense incurred on your behalf it does make sense to attribute it to your expenses. I'd want to make sure it was in a separate Expense account if it we

Re: Handling benefits in kind

2021-02-26 Thread Pedro F
That's what I was considering. I suppose that is the only way really: if I want to report on it I need to record it as a posting and I need to absorb it somewhere so everything balances. Is there any reason you're suggesting an equity account as opposed to, say expenses? Intuitively, it feels s

Re: Handling benefits in kind

2021-02-26 Thread Ben Blount
How about adding an Income leg for the BIK amount + an equity posting which absorbs it? That will make the transaction balance. On Fri, Feb 26, 2021, 10:02 Pedro F wrote: > Hi everyone, I've been lurking here for a while as I migrated my 10 years > worth of transactions into beancount (from a be

Handling benefits in kind

2021-02-26 Thread Pedro F
Hi everyone, I've been lurking here for a while as I migrated my 10 years worth of transactions into beancount (from a bespoke solution involving excel and python). I'm now fine tuning things and starting to extract nice report and I'm really pleased with beancount/fava and what it can do, incl