Accounting for year-end income

[Aaron Stacy]

Hi everyone, I'd like to account for 2020 income at the end of the year that didn't show up in my bank account until 2021.

Typically I use the date funds are available in my account as the source-of-truth for reconciling income and bank statements, since this kinda matters to me more than when my employer initiated the transfer.

But I'd also like to be able to query calendar-yearly-income, and if I book these transactions in 2021, that won't match tax records.

I'm thinking about splitting these into 2 transactions via a "transfer account," i.e.:

; Pay stub December 2020

2020-12-31 * "Let's get that 🥖" ^transfer-12345

  Income:Hooli:Salary -20.00 USD

  Expenses:Taxes:Y2020:US:Federal 5.00 USD

  Assets:Hooli:Transfer

; Bank statement January 2020

2021-01-04 * "" ^transfer-12345

  Assets:MyBank:Checking 15.00 USD

  Assets:Hooli:Transfer

Does this seem reasonable? Any thoughts on Assets:Hooli:Transfer vs Assets:MyBank:Checking:Transfer?

Thanks!

[Martin Blais]

SGTM

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[Patrick Ruckstuhl]

Hi Aaron,

This is a common practice, often the account is called receivable.

https://en.m.wikipedia.org/wiki/Accounts_receivable

Regards,
Patrick

[Aaron Stacy]

Thank you!

[redst...@gmail.com]

This is exactly what the effective_dates plugin does:

https://github.com/redstreet/beancount_reds_plugins/tree/master/beancount_reds_plugins/effective_date

https://groups.google.com/g/beancount/c/mU5xtLkUxKc/m/AhPLTI_8CQAJ