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Posted by Rick Blaine on January 13, 2007, 8:08 pm
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>How do you set up your Flexible Spending Account to deal with the
>overlap from one year to the next when you can still have a balance
>from the prior year to cover claims from the prior year yet you also
>have the new balance from the current year to cover claims from the
>current year?
>
What difference does it make what year the funds are from other than they need
to be used?
I just use a single account for all incoming and outgoing transactions. I don't
ever let any money go unused, but if I did, I would just create a single expense
transaction for the "lost" money on the last date I could spend for that year.
>Do you set up individual FSA accounts in Quicken for each year?
That seems far too complicated unless there were multiple employers involved.
>How do you set up your Flexible Spending Account to deal with the
>overlap from one year to the next when you can still have a balance
>from the prior year to cover claims from the prior year yet you also
>have the new balance from the current year to cover claims from the
>current year?
>
What difference does it make what year the funds are from other than they need
to be used?
I just use a single account for all incoming and outgoing transactions. I don't
ever let any money go unused, but if I did, I would just create a single expense
transaction for the "lost" money on the last date I could spend for that year.
>Do you set up individual FSA accounts in Quicken for each year?
That seems far too complicated unless there were multiple employers involved.
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