You'll first want to create an account for flexable spending. We currently do not have an FSA option under type so you can select Savings instead as a temporary replacement until we add it in. Then under My Income, you can have a specific amount or a percentage be automatically transfered to your FSA account after each Income Item is recorded. To do this, select the Account your money originally gets deposited to, then check the Auto Record Transfer/Split checkbox and choose your FSA account to be transferred to after the deposit has been made.
02/12/2007 17:34:53
Jim
User
Flex Spending Accounts
How should Flex Spending Accounts be tracked? I have "x number of dollars" set aside for the entire year in my FSA Account. Each time I go to the Doctor or get scripts, I use the FSA card and it deducts this amount from my yearly total. The way the company does this on my paycheck is to deduct a certain amount out of each paycheck. I would like to track this somehow if possible.
