Thanks for your quick response Alessandra! I tried both work arounds you mentioned above and I am still showing an Overdue Liability for 2018? Do I just have to live with the Red warning labels? Should I set up a new payroll item moving forward? I noticed if I change the dates of the previously submitted payment periods... Quickbooks will recalculate.... unfortunately this doesn't help me long term because for two reasons... one it's not accurate and two I end up having the same problem for the next half of the policy period since every month does not have the same number of weeks.
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We started offering our employee health insurance in June of 2018. His health insurance premium year is therefore June - June (not January to January). We pay our employee weekly. The insurance company bills us Monthly. We calculated his payroll deduction based on the weekly premium. Unfortunately, from June 1, 2018 to Dec. 31 2018 --- their were 29 weeks, so 29 deductions. In the same period of time there were 6 monthly premium bills from the insurance company. So, as of 1/1/19 - QuickBooks is showing that we have overdue payments. (Ie, we deducted more than we paid). This would have caught up rolling into the next year, however, for some reason QuickBooks is resetting at January 1. How can we change the reset date to be June 1 so that it would be consistent with his health care plan year?
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