We use Quickbooks payroll, and for regulatory reasons, we post the amount the employer contributes to the employee health insurance so it shows up on the paycheck and W-4 (100% in most cases). The requirement in the payroll settings is that you must choose an GL account to post it to - if an Expense account is chosen, it posts each contribution as an expense, however, the actual BILL for the insurance is the expense. Additionally, if these numbers are incorrect for any reason, the expense is incorrect, which also allows you to overstate what the expense really is, without any tax ramifications to the employer or employee (until an audit).
If the set-up is posted to a liability account so that the BILL can post to the expense account, you can never reconcile the liability account. These amounts reported on the paycheck are for informational purposes only, not the expense to be reported on the books. I would like a non posting account or to just leave the field blank buy those are not available choices.
Does anybody have a work-around to this?
