On 2025-05-31 11:41 PM, Bill Wohler wrote:
Thanks!
I missed a point. Let's say my company puts $100 in the Receivable:HRA
account. Then that $50 that was reimbursed to me leaves that account
with $50, which I want to track. How could we modify your recipe to zero
out all of the transactions except for Receivable:HRA? That is, it
should be left with $50, not $100.
Maybe my partner's original purchase is tracked in an equity account?
The follow zeros out my checking and my finances with my partner
and leaves the HRA smaller than it started as desired, but uses an
Equity account to do it. Is this copacetic?
Partner buys thing:
DR Equity
CR Payable:Partner
HRA reimburses me:
DR Checking
CR Receivable:HRA
I reimburse partner:
DR Payable:Partner
CR Checking
No equity here. Equity is your net of assets and liabilities.
So, if you want to track your HRA balance... Let us pretend that the
thing your partner buys is actually $45 so that the item and the
remaining balance in the HRA are different numbers.
Here's the new entry that will be the biggest change:
Company funds your HRA:
$100 DR HRA (asset account)
$100 CR Compensation:Company Medical (income account)
Partner buys you thing:
$45 DR Medical expense
$45 CR Payable:Partner
HRA reimburses you for thing:
$45 DR Checking
$45 CR HRA (asset account)
You reimburse partner:
$45 DR Payable:Partner
$45 CR Checking
At this point your nets are $0 checking, $0 payable to partner, $55 DR
in HRA, $45 DR in medical expense, and $100 CR in non-wage compensation.
You buy another medical thing:
$15 DR Medical expense
$15 CR Checking
And the HRA reimburses you again:
$15 DR Checking
$15 CR HRA (asset account)
Now say you leave the company and your remaining HRA balance is forfeited:
$100 - $45 - $15 = $40
$40 CR Compensation:Company Medical (income account)
$40 DR HRA (asset account)
Now your use-it-or-lose-it HRA balance is zero, and your non-wage
compensation is $60 CR and medical expenses $60 DR.
I like to track the medical expenses and employer medical contributions
as two separate accounts. This can help later if you are looking at
other, prospective employers' compensation plans. It lets you see that
current employer pays you $500 + $100 medical = $600 in a year, but new
employer wants to pay you $550 + $10 medical = $560, so you would be
worse off at new employer. I track employer retirement contributions
the same way.
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