In your example, from the 1500 CAD only 500 CAD are from your money, so
that's the only expense (and I guess it's the only part you can deduct when
filing taxes). The other 1000 CAD are like a loan you're making to your
insurance (you're lending them money to pay the bill and you later recover
it).
In the moment you did the transaction, maybe you didn't know which part
would be expense and which part reimbursable, but after you know it, you
can go back and edit that transaction.
I would write something like this (I'm ignoring the part of the credit
card, I'm assuming that you pay and are reimbursed by bank transfer. You
can expand on it to include it):
2019-04-12 * "Dentist" "Root Canal"
Expenses:Medical:Dental 500.00 CAD ; effectively paid
Liabilites:Medical:PartialReimburse +1000 CAD ; later reimbursed
Assets:Bank -1500 CAD ; I was billed this amount by the dentist
2019-04-13 * "Insurance pays back"
Liabilites:Medical:PartialReimburse
Assets:Bank +1000 CAD
On Thu, May 9, 2019 at 4:51 PM <troy.willi...@bluebill.net> wrote:
> I went to the dentist last month for a root canal and had to pay out of
> pocket for the costs and I was reimbursed later on, but not the full amount
> of the cost. I have an account, Expenses:Medical:Dental, which I usually
> charge against. The idea behind this account is that at the end of the year
> it should tell me my out of pocket expenses which I can claim on my income
> taxes.
>
> Here is what I did to track the transactions:
>
> ; inital transactions at the dentist - full amount on credit card
> 2019-04-12 * "Dentist" "Root Canal"
> Expenses:Medical:Dental 1500.00 CAD ; I was billed this amount by the
> dentist
> Liabilities:CreditCard
>
> ; reimbursement from insurance
> 2019-04-16 * "Insurance" "Medical Expense reimbursement for Root Canal"
> Income:Company:Medical -1000.00 CAD ; This is what I was reimbursed
> Assets:Chequing
>
> ; apply reimbursement to credit card
> 2019-04-19 * "Credit Card" "Medical Expense reimbursement for Root Canal"
> Liabilities:CreditCard 1000.00 CAD
> Assets:Chequing
>
> ; apply the reimbursement amount to the Expenses:Medical:Dental so that it
> accurately tracks unimbursed costs
> 2019-04-19 * "Dentist" "Root Canal"
> Income:Other:PartialReimburse 1000.00 CAD
> Expenses:Medical:Dental
>
> I am not sure that it is done correctly, but when I check the balanes of
> the Expenses:Medical:Dental account it is correct. Any advice would be
> great.
>
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