How do I categorize HSA contributions in a paycheck entry

dw833

I searched the community, but couldn't find a discussion for this issue.
This must be one of the those obvious fixes in quicken that I can't find.

Any suggestions on a solution.

I have a Fidelity HSA account. I can download transactions and the contributions from each paycheck is included.

Also, I have a paycheck entry for my checking account that was created from the paycheck wizard.

That entry includes the gross pay and all deductions, including the HSA deduction. I can't use the Fidelity account for the HSA amount category.
If I do, a double entry is made into the Fidelity HSentry?unt.
How can I avoid the double entry.
One downloaded from Fidelity and one from the paycheck entry.

Quicken for Windows 2024

Mark1104

manually delete the entry from Fidelity. that is the easy fix.

NotACPA

Why can't the Fidelity HSA be a TRANSFER (not a Category) in your paycheck? What happens?

dw833

Thanks NotACPA for your suggestion. Sorry about delay in responding.
The paycheck transaction is using a transfer for HSA amount. If I go to the HSA account register, I can right click on Go to Transfer back to checking account register. I believe that shows it is a transfer.

I did notice that the downloaded HSA transaction from fidelity has a different date than the checking account register date.
Not sure if that matters.

NotACPA

That difference in the date would seem to indicate that your employer/payroll isn't submitting the money to Fidelity on your paydate.

Not much that you can do about that.

dw833

Since the dates are different quicken can't recognize it is a transfer? I know that for some accounts when I download and accept I'll get some messages asking if a transaction is the same as an existing transfer. Since the dates are different, quicken can't do it. Is there any other work around for it.

NotACPA

Well, you COULD transfer that HSA deduction, in your paycheck, into a "Holding" account … and then transfer from the holding account to the HSA when actually received.

BUT, I'd simply not worry about it as long as the amounts match.