Thank you for your response; questions inline. On Fri, Jan 4, 2019 at 5:29 PM Stephen M. Butler <kg...@arrl.net> wrote:
> 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 was issued a debit card with direct access to the HSA funds. I don't use it because if I use my credit card, I get money back, and I don't want to carry another card. > 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. > This is why I use double-entry accounting: so I don't have to do stuff like that ;-) > 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: > It's not reimbursed by my employer. If that was the case, then I think things would get simple: it's not my expense. There would be no expense:medical because the expense is actually my employer's expense. As it is, the HSA money is *mine*, and the medical expense is *mine*. I think what gets complicated is the rule that I can only transfer money from *my* HSA to my chequing account in amounts equal to my medical expenses, and I would like to track that accruing amount. > 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) > Yeah, that's what I was saying above. In this case, step one can be a transaction between Liability:CC and AR:MedicalReimbursable > 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 > This sounds great except that the medical expense is mine. Any more suggestions? Thanks again! _______________________________________________ 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.