The owners personal insurance will not cover on the job injuries. Can someone explain how to set up and pay L & I for the Owner since there is no payroll deduction. Should it be done through a journal entry?
There isn’t a direct way of setting up owner’s L &I in QuickBooks. Though, you can create an account to tract the payments for this particular insurance.
Moreover, it’d be best to consult your accountant to setup and pay it correctly.
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There is no Journal Entry. You will already have the Payment or Purchase transaction to enter, as Checking Expense or as Credit Card Charge. You don't use Debit-Credit, because you also have a Payee Name.
You don't use JE to pay rent or office supplies; you enter the Purchase or the Payment transaction.
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