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June 17, 2020
Question

Health Spending Accounts

  • June 17, 2020
  • 1 reply
  • 0 views

How do I set up a health spending account in the books for a small nonprofit?  I'm the bookkeeper but have been given no paperwork on this, and don't understand if it should be a payroll deduction, an insurance payment, or something else, as I've never encountered this particular beastie before.  Thanks!

1 reply

June 17, 2020

Hello sissbookkeeper,

 

It's great to hear that you're helping a nonprofit with its bookkeeping in QuickBooks Desktop! Knowing the ins and outs of setting up accounts and payroll for nonprofits can require a special touch and I appreciate wanting some extra guidance when it comes to setting up something like health spending accounts. I'll point you in the right direction.

 

As a QuickBooks Team member, I can direct you to helpful articles about how to do tasks like creating accounts in the chart of accounts, but I don't have the expertise when it comes to advising what kinds of accounts to set up or the specific ways to track something like this in your books. I leave that to the pros.

 

The pros in this case are accountants. If the accountant knows how QuickBooks Desktop works, that's even better since they'll know what the program is capable of. In light of that, I encourage you to get in touch with an accountant to learn the best way to set up the health spending account for the nonprofit. If you don't already have an accountant you're working with, check out our Find an Accountant page.

 

I hope that helps!