On 11/6/2023 10:53 PM, Andrew Gross wrote:
I have various expense accounts for medical expenses. When I receive an insurance check, I record these against the medical expense accounts so the yearly totals will show (approximately) what I have actually paid over the year. Lately, I have been wondering if these reimbursement checks should be going to their own account, not necessarily an income account as reimbursements aren't income (right?) -- maybe a medical expense contra account?
This is the one case I can think of when old fashioned ledger paper worked better, an account with a single contra account. That's because debits and credits were on separate facing pages (when the ledger was open). Essentially every account had a "contra" in the form of the opposite facing page.
My way (with modern software like gnucash) is to use a parent account < say "medical expenses" > under which I'd have two children, "paid" and "reimbursed". But if reimbursements were very rare, I might just have them as credits to a single "medical expenses" account. << if there are only one or two, "which one?" or "is a reimbursement missing?" not troublesome. But if 50 of them, both questions could arise, so want easier to find/see.
Michael D Novack _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
