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The company pays 100% of employee health insurance-it is not deducted from payroll at all. How do I handle this in the chart of accounts / how to code the expense deduction in banking?
He also pays 100% into a pension fund-would I set this up the same way as well?
I can help you set up a health insurance deduction for your employee in QuickBooks Online.
You may want to check and see if the deduction is set up correctly.
You can follow these steps in setting up the pension fund.
Also, you may find this article helpful: Set up health insurance deductions and contributions.
To code the expense deduction here's how:
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