On 1/4/19 10:59 AM, Aaron Laws wrote: > I have a Health Savings Account in the United States as part of a > high-deductible health insurance plan. It is an Asset account that holds my > income tax-deductible money for use on medical expenses only. Every so > often money is put into it: > > Assets:HSA $10 > Revenue:Employer $10 > > When I incur a medical expense, I use my personal credit card to pay for it: > > Expenses:Medical $5 > Liability:Credit Card $5 > > After a while, I reimburse myself for the medical expenses that have > accumulated to date: > > Assets:Chequing $5 > Assets:HSA $5 > > The trouble with this is it doesn't track the current amount of unpaid > claims. Is there a way to work in an Assets:Accounts Receivable:Outstanding > Medical Reimbursements or something like that? I would appreciate any > feedback about how to deal with this situation. Thank you! > > In Christ, > Aaron Laws
At my previous employment (prior to retirement) the HSA account came with a charge card (used like a credit card) so the charges went directly against the HSA account. Made tracking very simple and didn't have to send in reimbursement forms. I presume that isn't the case with your employer's HSA processor. I might be tempted to get a second credit card to use only for the medical items and pay that with reimbursement from the HSA. That way the balance on that card is what is still outstanding. Thinking further. If I as an employee charge something to my credit card that I will get reimbursed from my employer then things get trickier: 1. I charge the item and enter a transaction between Liability:CC and Expense:whatever. 2. I eventually (monthly) pay off the credit card from checking (Assets:Checking and Liability:CC). 3. Somewhere in there I fill out an expense statement and send it in. That expense is no longer mine so I need to transfer it out of my expenses. Assets:Reimbursement:MyEmployer and Expense:whatever (offsetting item #1) 4. Finally I get paid and deposit the funds into my checking account. Assets:Checking and Assets:Reimbursement:MyEmployer In this case the HSA replaces the Employer. And here you are acting on both sides. So, to continue: 5. Employer (HSA) gets the reimbursement request and sends out the funds. (HSA:Expense:Medical and Assets:HSA). I really like the idea of a second CC and it gets paid only when reimbursed by the HSA (simplifies the accounts). --Steve -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
