Flexible Spending Account - prior year to current year switchover

How do you set up your Flexible Spending Account to deal with the overlap from one year to the next when you can still have a balance from the prior year to cover claims from the prior year yet you also have the new balance from the current year to cover claims from the current year?

Do you set up individual FSA accounts in Quicken for each year?

Thanks!

George snipped-for-privacy@nospamcomcast.net

Reply to
George Earl
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What difference does it make what year the funds are from other than they need to be used?

I just use a single account for all incoming and outgoing transactions. I don't ever let any money go unused, but if I did, I would just create a single expense transaction for the "lost" money on the last date I could spend for that year.

That seems far too complicated unless there were multiple employers >How do you set up your Flexible Spending Account to deal with the

What difference does it make what year the funds are from other than they need to be used?

I just use a single account for all incoming and outgoing transactions. I don't ever let any money go unused, but if I did, I would just create a single expense transaction for the "lost" money on the last date I could spend for that year.

That seems far too complicated unless there were multiple employers involved.

Reply to
Rick Blaine

Reply to
Oilcan

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