Accounting Question: Handling Reimbursements

[Robert Ramsdell]

On Sat, 2006-12-30 at 15:07 -0800, David T. wrote:

> > I suppose you could create a new expense account medical-reimbursed, and
> > each time you have a flex reimbursement add to the split an equivalent
> > transfer from expenses:medical to expenses:medical-reimbursed.  Then at
> > the end of the year expenses:medical-reimbursed will be equal to the
> > flex sum, while expenses:medical is equal to the balance.
> 
> I see what you mean about reimbursing yourself. But that leaves the question
> about how to handle the taxes documentation. I'd like to have a principled
> method for tracking and reporting this, and I'm not sure that I see how the
> reimbursed account would work. If I transfer $100 from FSA funds to this
> reimbursed account, then I'd still have to create 2 $100 transfers out--one to
> the checking account and one to the Medical expense account--and the account
> will be out of whack. 
> 
This is what I mean.  when you get you reimbursement, the transaction
looks like this:

FSA		$100 out
Checking	$100 in
medical		$100 out
medical-reib	$100 in

The last two are artificial, but will serve to keep the reimbursed and
non-reimbursed straight.

Robert