health savings account

[Russell Mercer]

I have done something similar with the way I set up my HSA account, with
some added complexity.  We are able to access the entire amount set aside
for the year, using a debit card, prior to the time that amount is collected
using payroll deductions.  In order to account for this, I have the
following:

Assets:
  HSA Account
Liabilities:
  HSA Funding

The funding for the HSA account asset, came from the liability as a lump
sum.  Any purchases that I make using HSA funds, are posted as an expense to
the asset account.  The biweekly payroll withholding is taken from my pretax
income, and put towards paying the "HSA Funding" liability.  The added
benefit of this is it enables me to easily see how much I have paid into the
HSA at any point in the year, and also the total funds I have used from the
HSA at any point in the year.

Hope this helps.
Russell

On Wed, Oct 26, 2011 at 8:33 AM, Richard Bishopp <rbishopp44 at gmail.com>wrote:

> I put my HSA account under current assets with my savings and checking
> accounts. My employer funds that account as well as myself with each pay
> period as an automatic deduction from the pay check (pre-tax). So deposits
> are splits from my pay check or other income when employer make a deposit.
> When I record a transaction against it I select the appropriate medical
> expense account for that transaction.  I also created more specific expense
> accounts under medical so I can see what was spent where and what needs to
> be reimbursed if that case arises.
>
> Not an accountant just makes sense to me when I look at it.  Hope this
> helps.
>
> Rich...
>
> On Tue, Oct 25, 2011 at 1:02 PM, suk wah bernstein <
> sukwahbernstein at gmail.com> wrote:
>
> > gnucash-user at gnucash.org
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