Background
A Health Savings Account would be considered a payroll deduction in AccountEdge.
Implementing a Health Savings Account
To implement an HSA:
Go to Lists from the menu bar at the top of the screen
Choose Payroll Categories > Deductions from the drop down menu
Click the New button at the bottom of the screen
Type in the Deduction name (normally something like HSA)
Select a new HSA Liability account for the Linked Payable Account (if you so choose - using the Default Withholding account is acceptable.)
Set the type of deduction to Equals [amount the employee is withholding] dollars per Pay Period
Set the deduction limit if there should be one
Click the Employee button at the bottom left
Put a tick next to any employee this should be assigned to. Click OK
Click on the Exempt button to indicate the appropriate Exemptions
Managing an HSA
After creating the category you will process payroll. When the payroll process is complete, there will be an HSA liability to pay.
To pay the company who is managing the HSA:
Go to the Payroll module
Click the Pay Liabilities button
Place a check mark next to the HSA category
Make the cheque payable to the company managing the HSA (choose the card for them)
Print the cheque (If no cheque is needed, it can be marked as Already Printed, and a non-number identifier can be indicated in lieu of a cheque number.)