Accounting for HSA Deposits

My wife has an HSA at work. Her net income is recorded in Simplifi when her check is deposited. I need to figure out how to allocate transactions where we pay ourselves back for medical expenses - these show up in our checking account. Do I need to create an HSA account? If so, what kind of account and how do I record deposits? Or is there a simpler approach?
Answers
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I really don't need a separate account to track HSA deposits from her employer and reimbursements to us. I really just need to properly allocate the bank deposits that happen when she reimburses us for medical expenses. Does it make more sense to create a new income category called HSA? How do I exclude that from Net Worth calculations but still be able to run a report showing how much was distributed at the end of the year (to compare to the 1099-SA we get).
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Hello @ericksonjb,
Thanks for reaching out! You can allocate/group these in multiple ways in Quicken Simplifi. You could create a new category as you suggested, and then create a rule so that these transactions are set to that category when they come in.
Or you could give them all a specific tag that you may sort by in your register.
As for excluding specific transactions from your net worth report, you can do so by following the instructions in our support article here:
I hope this helps!
-Coach Jon
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