I am participating in my company's FSA program for childcare where I am having $5,000 deducted from my check over the course of the year.
I'm interested in how others are managing FSA accounts or other accounts where you are being reimbursed for the budgeted expense.
In our scenario, we budget and pay out a weekly amount in a Childcare Category. The reimbursement comes in on a different timeframe then when the payment was actually made.
My question is, "How best do we manage the reimbursement inflow?" How do you budget for it? How do you account for it in the check register? Is it Income for Current Month? Should it offset the expense?
I'm thinking it should just go into the income for current month, since its really money from my paycheck that I am just getting on delay, so to speak.