How to add S-corp owner's health and life insurance to wages
We have our Health Insurance direct debited out of our account each month. Is there a way for me to just go ahead and add it to a payroll check each month? And what accounts should I debit and credit?? It confuses me because when it hits the bank it is a Credit to Cash and I am debiting an expense account (shareholder health Ins.), but I'm thinking i could be doing it differently??