[GNC] Tracking Reimbursable Medical Expenses
David Cousens
davidcousens at bigpond.com
Sat Jan 5 22:51:10 EST 2019
Aaron
Asset:HSA is your savings fund. The payment of money into that account is
exactly as you priginally proposed.
The 4 way split
> Asset:Medical Reimbursable $5
> Liability:Credit Card $5
> Expenses:Medical $5
> Asset:HSA $5
records 2 simultaneous events. It makes a bit more sense when you consider
the two events separately
Firstly your payment of the medical expense with your credit card
:
Expenses:Medical $5
Liability:Credit Card $5
and the creation of an obligation to reimburse the expenditure to your bank
account from your HSA account:
Asset:Medical Reimbursable $5 this account
tracks what you have to reimburse to your bank account
Asset:HSA $5
And when you actually reimbuse money
> Asset:Bank $5
> Asset:MedicalReimbursable $5
If the balance of Asset:MedicalReimbursable is not 0 then you have expenses
you have incurred but not reimbursed from the HSA. This is exactly the same
as the way Asset:Account Receivable works when you extend credit to a
customer in a business environment with the business features. In this case
the HSA is effectively the customer, who owes you money.
David
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David Cousens
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