Best Practice way of Adding and Tracking HSA

tribexx

Hello,

I'm not sure how I added HSA, I think as a regular account. What is the BEST PRACTICE for how this account should be added and tracked? I have $$ that goes in from my paycheck, PLUS money I contribute on my own. (should that be a Transfer?).

Please advise on these 2 questions

thanks

Flopbot

@tribexx ,

This is how I have my HSA linked in Simplifi. Currently, Simplifi doesn't have a dedicated/stand alone account type for "HSA Account". Hopefully some day!

Coach Natalie

@tribexx, thanks for posting your inquiry to the Community!

It looks like Flopbot has got you covered on how his HSA account is set up in Quicken Simplifi, but I also wanted to share this Idea post requesting an HSA account type in case you're interested in voting on it:

https://community.simplifimoney.com/discussion/3604/add-an-hsa-investment-account-type-edited

As far as tracking the contributions, are you looking to track these as expenses so they count against your Spending Plan? If not, using a Transfer Category would definitely be the way to go. Our support article here has more details on how Transfers work in Quicken Simplifi: https://help.simplifimoney.com/en/articles/3352152-how-do-transfers-work

-Coach Natalie