Health Insurance Employee Deduction

Welcome aboard to the Community, gpthrush.

The employee deduction is posted to the Other Liability & Asset Accounts. Meanwhile, the employer part is tracked to the Company Contribution Expense Accounts.

Let me guide you through the steps on how to categorize these payroll items. Here’s how:

1. Tap the Gear icon at the top to select Payroll Settings under Your Company.
2. On the Accounting Preferences page, go to the Company Contribution Expense Accounts section and then mark the radio-button for I use different accounts for different groups of company contributions.
3. Click the drop-down for the health insurance item and pick the correct expense account you want to use.
4. Scroll down to the Other Liability & Asset Accounts to select the appropriate liability category for the health insurance.
5. Click OK to continue.
6. Then, hit the OK button and then enter the starting date when you want to update the information.
7. Press OK to keep the changes.  

For more insights about classifying payroll items in QBO, check out the Setup Payroll account preferences article. It outlines the steps on how to set up a payroll account.

Keep me posted if you have any other concerns or questions. I'm more than happy to answer them for you. Have a great rest of the day.

How would I change the insurance dates in QBO.  My company's insurance year runs from Aug 1 until July 31.  I can not change the dates from Jan-Dec. to match my company. 

I'd be happy to guide you update your insurance date in QuickBooks Online, Grizzly23.

Beforehand, are you referring to updating the effective date of your State Unemployment Insurance? If so, you can directly update the date once you receive a notice from your state agency.

To do so, here's how:

1. Go to the Gear icon.
2. Select Payroll settings.
3. Next to the state you want to update, click the Edit icon.
4. In the Unemployment Insurance (UI) section, click Edit.
5.  If you see the prompt, hit Continue.
6. Enter its effective date beside the rate.
7. Hit Save.

On the other hand, if you can't change the date. I encourage you to contact our Support Team for further assistance. 

In case you're having issues with your taxes. Feel free to check these articles on how to fix it:
 

• Resolve a payroll tax overpayment
• Troubleshoot no income tax withheld from a paycheck
• Troubleshoot no unemployment tax withheld from a paycheck

We are always here to help whenever you need assistance with your payroll tasks. Just hit the reply button below. Have a good one!