Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Get 50% OFF QuickBooks for 3 months*
Buy nowI have an employee who already has healthcare insurance covered. The company wants to pay a cash sum to the employee via the payroll process to reimburse the employee for his costs. I tried adding it as a contribution amount but it did not seem to get added into the Net Pay total on the payslip, so did I do something wrong?
@christinebetts "I tried adding it as a contribution amount but it did not seem to get added into the Net Pay total on the payslip, so did I do something wrong?"
Unless they changed the terminology in QBO, contribution amounts typically refer to company contributions, not additions to a paycheck.
For instance, State and Federal Unemployment taxes are company contributions; they are not added to or taken away from the paycheck, but the company does pay those taxes in full on the employee's behalf.
In short, you would only add healthcare as a contribution amount if the company was paying the health insurance company directly.
I'm not familiar enough with this specific situation to provide further advice, except that you'll want input from an actual accountant rather than a customer support representative. A few other users do frequent these boards, so they may weigh in with further advice later.
It'll probably need to be classed as an addition rather than a contribution in order to raise their paycheck amount; whether it should be included in their gross income or not is the real question.
Thank you for the quick response. I hope an accountant may answer too. If not, I will try an accountant directly.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here