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Level 1

We have our family's health insurance through the LLC partnership. How do I report what we spent on insurance in journal entries?

We have been paying for the insurance through our personal bank account (not linked to Quickbooks).
3 Comments 3
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Level 15

We have our family's health insurance through the LLC partnership. How do I report what we spent on insurance in journal entries?

Personal insurance is not part of the partnership finances (business), it is personal.

Highlighted
Level 1

We have our family's health insurance through the LLC partnership. How do I report what we spent on insurance in journal entries?

Thanks for your response! But can’t our company pay for our health benefits as we are employees? The insurance is a private plan through our LLC. 

Highlighted
Level 1

We have our family's health insurance through the LLC partnership. How do I report what we spent on insurance in journal entries?

Thanks for your response! But can’t we put in the premium as an employee benefits expense? Our insurance is written through the LLC and we are employees 

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