Thank you for posting here on the Community page, AS00.
I'm here to make sure you'll be able to set up PRE-TAX AFLAC 100% paid by Employee deductions for life insurance.
Payroll deductions can be used for any type of employee medical insurance, such as Aflac. Let me guide you with setting it up:
- Go to Workers at the left menu and click Employees.
- Select the name of the employee and click on the Edit icon for Pay.
- Click on the Add a new deduction link.
- Select the drop-down menu for Deduction/contribution.
- ClickHealth Insurance and choose Medical Insurance as the type.
- Enter the name of the provider (Aflac).
- Enter the amount to be deducted every pay period and Annual Maximum (optional).
- Choose between paying a Taxable insurance premium and paying a Pre-tax insurance premium.
- Click on OK.
For this medical insurance, QuickBooks Online will automatically create a liability account. Go to Payroll Settings, then Accounting under Preferences to review the account configuration.
You can create a Check when you're going to pay this medical fee. For this medical insurance, simply select the liability account. You can also use a journal entry to debit funds from the liability account and deposit them into any clearing account you've set up.
Check out the Pretax health insurance section of this article for more details about the supported pretax health insurance: Supported pay types and deductions.
Please let me know if you need more help with managing your payroll taxes or anything else related to QuickBooks. I'll be here to help you. Take care and have a great day.
