HSA deduction/deposit to HSA account

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Verified
Sheila O. asked a question on 18 Dec 2014 2:17 PM

What is the best practice for setting up HSA deductions and then getting that money deposited to the employee's HSA bank account, in GP 2013?

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Verified Answer
Terry Heley responded on 9 Mar 2018 2:55 PM

Hi Sheila,

It seems like more are setting up HSA and we should probably publish something on it, so that is my to do, but I think how you could set this up and our recommended way would be to create the benefit / deduction that is needed, then link it to PIP, Payroll Integration to Payables.  Then when you post payroll it will update payables and you can send your EFT file out as needed.

Thanks

Terry Heley

Microsoft

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Sheila O. responded on 5 Apr 2018 11:32 AM

Thank you Terry.  We will provide this solution to our client. 

A write up on the topic would be great!!

Sheila

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Sheila O. responded on 5 Apr 2018 11:33 AM

Would this still be the recommended process in GP 2016 and 2018 as well?

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Verified Answer
Terry Heley responded on 6 Apr 2018 8:12 AM

Yes it is the same for GP 2016 and GP 2018.

Thanks

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Sheila O. responded on 6 Apr 2018 8:55 AM

Thank you Terry!  This helps a ton.

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Verified Answer
Terry Heley responded on 9 Mar 2018 2:55 PM

Hi Sheila,

It seems like more are setting up HSA and we should probably publish something on it, so that is my to do, but I think how you could set this up and our recommended way would be to create the benefit / deduction that is needed, then link it to PIP, Payroll Integration to Payables.  Then when you post payroll it will update payables and you can send your EFT file out as needed.

Thanks

Terry Heley

Microsoft

Reply
Verified Answer
Terry Heley responded on 6 Apr 2018 8:12 AM

Yes it is the same for GP 2016 and GP 2018.

Thanks

Reply