How should I classify contributions to my HSA account?
I contribute to my HSA account each payday, deducted from my payroll check. I was able to set up my HSA account under "other banking" in Simplifi and link the account to import transactions. What category would I choose for the deposits to this account? HSA Expense? I want to account for it when budgeting where my money goes but it is not really an expense, it is an asset.
Best Answer
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I would think the best way would be to categorize it as a transfer to your HSA account.
Click on the down arrow in the Category field, scroll down to Transfer and then select the appropriate account from the list that pops up.
Danny
Simplifi user since 01/22
”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer0
Answers
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@tigercakes you also might to vote on this idea, as it seems closely related to your question
Anthony Bopp
Simplifi User Since July 2022Money talks. But all my paycheck ever says is goodbye1
