Flexible Spending Accounts

[FireFly]

The way I did it (which may, or may not be right) is simply had it liability account, every pay check makes a payment into it (so the balance may well be negative if I don't spend much at the start of the year) but then as time goes on in theory the balance will go positive (and hopefully in the end the balance will be 0, otherwise I'll have to do some sort of "throwaway" transaction to essentially zero it out for the next year).

The one thing I'm unclear on (and haven't had to dig into ever) is if I lost/changed my job, and I'd spent more than I'd "accumulated" how does that work?

 - James Duerr


E-mail: FireFlys_98 at yahoo.com
---------------------
Discover a lost art - play Marbles. May 2004
www.marillion.com



----- Original Message ----
From: Robin Chattopadhyay <robinraymn at gmail.com>
To: gnucash-user Mailing List <gnucash-user at gnucash.org>
Sent: Monday, July 13, 2009 10:45:34 AM
Subject: Flexible Spending Accounts

Hi-

I have a Flexible Spending Account (FSA) that can be used for medical
expenses using pre-tax dollars. I track the available balance of the FSA in
Gnucash, but I'm not really thrilled with the way I've chosen to account for
it.