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SLeslie527
Level 1

Company Paid health insurance premiums showing twice on P&L

Each time a company writes a payroll check, the company paid health insurance premiums are recorded on the P&L. Then when the actual premiums are paid they are showing up again under the same account ending with the insurance premiums being accounted for twice on the P&L. Is there something set up wrong with the payroll? How do we fix this? 

1 Comment 1
ReymondO
QuickBooks Team

Company Paid health insurance premiums showing twice on P&L

I'll help you fix this concern, @SLeslie527

 

For now, there are no similar reports we can link to the issue you're experiencing right now. However, you can check the categorization of your Company Contribution Expenses Account in your Payroll Settings. It's possible that the way it's set up can be the cause of the issue. 

 

You can check this out by following these steps and make sure that everything is set up correctly:

 

  1. Go the Gear icon and select Payroll Settings.
  2. In the Preferences section, click Accounting Preferencespreferences.PNG
  3. Go to the Company Contribution Expenses Account section and make sure that you're using the correct expense accounts.

preferences.PNG1.PNG

If everything is properly set up and you're still getting the same result, I recommend giving our Payroll Support Team a call. This way, they can check your account to trace the cause of the issue and fix it. 

 

In addition, there are several payroll reports you can use to view useful information about your business and employees. You can check them out in this article: List of payroll reports in QuickBooks Online Payroll

 

If there's anything else I can do for you, please let me know. I'll be around to help you.

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