Michael or Penny Novack via gnucash-user <[email protected]> wrote:
> > 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. Thanks, Alice. This will work. > That was a good example of how to record the transactions. > > But let's go back a bit about this HRA. It is a funny kind of asset, > usable only to reimburse expenses, and depending on what your employer > has chosen (for this benefit) might be "rollover" (mine is) or "use it > or lose it" (fairly common) > > a) How is the amount coming on your books? This is part of your > non-taxable income*. You COULD record it coming onto your books that > way. Might need an end of year adjustment (for unused portion if "use > it or lose it") I'm comfortable giving categorizing it as Income:HRA, which is non-taxable as you note. In the case of "use it or lose it", Alice's suggestion for handling the case when you leave the employer would apply here as well: transfer the unused portion back to Income:HRA. > b) The expenses reimbursed this way should also be distinguished. You > want to know what your total medical expenses are BUT these (since > reimbursed() wouldn't be deductible medical expenses. I had this same question. Unless someone has a better idea, I'll create a separate Expenses:Reimbursed medical for these funny kind of expenses, like the funny kind of income. Thanks again all! -- Bill Wohler <[email protected]> aka <[email protected]> http://www.newt.com/wohler/, GnuPG ID:610BD9AD _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
