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
- 56 Product Ideas
- 36 Announcements
- 225 Alerts, Online Banking & Known Product Issues
- 22 Product Alerts
- 703 Welcome to the Community!
- 671 Before you Buy
- 1.2K Product Ideas
- 53.7K Quicken Classic for Windows
- 16.3K Quicken Classic for Mac
- 1K Quicken Mobile
- 812 Quicken on the Web
- 111 Quicken LifeHub