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asiaplk26
Level 2

How to categorize checks health insurance from employees?

We have employees who give us monthly or weekly personal checks for health insurance, we pay group insurance monthly for all employees. Those checks from employees show up as income in banking. How should we categorize it? 

1 Comment 1
Stan from CloudBusiness
Level 3

How to categorize checks health insurance from employees?

Dear @asiaplk26, it's a nice plan to categorize such expenses.

 

Here is a video about categorizing that helped me a lot once. It's only 4 minutes, but it could quite possibly save you many hours of routine work.

 

Here is how to create a new category in your QuickBooks company if you need one.

The steps are simple and easy to follow. Here's how:

  1. Click Accounting on the left panel.
  2. Click the New button at the top right.
  3. Select the Category Type (Expenses / Other Expenses).
  4. Select the Detail Type.
  5. Enter the Name.
  6. Description is optional.
  7. Click Save and Close.

I wish success to your business :) And if you need further help working in QuickBooks Chart of Accounts, Stan is by your side!

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