Account Setup for Health Reimbursement Account?

APB
Quicken Windows 2016 Member
How should I set up in Quicken a totally employer funded Health Reimbursement account where deposits are going into my checking account?
Tagged:
0
Comments
-
I'm assuming that the "flow" here is that you incur a medical expense and pay for it out of pocket, and then later your employer reimburses you for this expense.
I would set up an off-line generic asset Account in Quicken for this. When you make the payment - let's say you use a credit card - the "other side" of the entry you make in the credit card Account would be to this asset Account, a "Transfer." When the employer reimburses you and you deposit the check in your checking Account, the other side of this entry would also be a Transfer to the asset Account, zeroing it out.
0
This discussion has been closed.
Categories
- All Categories
- 27 Product Ideas
- 27 Announcements
- 189 Alerts, Online Banking & Known Product Issues
- 17 Product Alerts
- 727 Welcome to the Community!
- 604 Before you Buy
- 1.1K Product Ideas
- 49.9K Quicken Classic for Windows
- 15.4K Quicken Classic for Mac
- 986 Quicken Mobile
- 774 Quicken on the Web
- 75 Quicken LifeHub