[GNC] Tracking Reimbursable Medical Expenses

Aaron Laws dartme18 at gmail.com
Sat Jan 5 20:58:48 EST 2019


Thank you very much. Questions in line.

On Fri, Jan 4, 2019 at 5:46 PM David Cousens <davidcousens at bigpond.com>
wrote:

> Aaron,
>
> The Answer is yes but to use the inbuilt Accounts Receivable you would need
> to use the Business features Invoicing  and linking of payments to Invoices
> etc.
>
> An Accounts receivable is simply an Asset account with some additional
> reporting capability attached to it so you simple create an asset account
> Asset:MedicalReimbursable.
>
> The recording events are as follows When you pay a medical expense with
> your
> credit card use a multisplit(4) transaction as follows:
>
> Asset:Medical Reimbursable             $5
> Liability:Credit Card                                     $5
> Expenses:Medical                            $5
> Asset:HSA                                                  $5


What is Asset:HSA? If it's the actual HSA account holding my money
earmarked for medical expenses, it should be funded by revenue:Employer HSA
Contributions.


> When you pay your credit card (this will be lumped in with other
> transactions):
>
> Liability:Credit Card                         $5
> Asset:Bank                                                 $5
>
> When you record your reimbursement:
>
> Asset:Bank                                        $5
> Asset:MedicalReimbursable                       $5
>
> The balance in the Asset:Medical Reimbursable account tells you how much
> you
> have outstanding. As there is no linking to payments it is a bit harder to
> identify which reimbursements are linked to which payments but you can
> always use the memo field to identify the date of the expense the
> remimbursment is associated with for example.
>
> David Cousens
>

Maybe what isn't clear is that the HSA account is "just" another asset
account in my books. It's mostly populated by my employer, but I add
pre-tax money to it, too.


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