We can create a payroll item instead of generating an invoice associated with AP, Calconst. Let me help you how to do it in QuickBooks Desktop Payroll.
First, we can create a health insurance deduction item. This way, the system will track its balance movement.
Here's how:
- Go to Lists, then Payroll Item List.
- Choose the Payroll Item ▼ dropdown, then New.
- Pick Custom Setup, then Next.
- Set Deduction or Company contribution, then Next.
- Enter the item name.
- Please specify the agency to which liability is paid. Then choose Next.
- Set the Tax Tracking Type.
- Choose the Finish button.
Next, if your company contributed, here's how to do it:
- Navigate to the Lists, then Payroll Item List.
- Choose the Payroll Item ▼ dropdown, then New.
- Pick Custom Setup, then Next.
- Input the Company Contribution, then Next.
- Enter the item name, then Next.
- Choose the name of the agency. Then, select Next.
- Set the tax tracking type. Select Next three times.
- Press the Finish button.
If your employee is responsible for paying the entire health benefit amount, please follow step #2 instructions under the Set up a medical, vision, or dental insurance payroll item page.
In addition, if both pay a part of it, you can add them by selecting Both The Employee and Company Pay the Portions option.
Furthermore, we can pull up a Payroll Item Detail or Payroll Item Review to track the health coverage balance. Here's an overview of these reports and how to access them:
Please let me know if there are additional details you'd like to clarify regarding payroll insurance items in QuickBooks Desktop Payroll. Have a fantastic day ahead.