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Get 50% OFF QuickBooks for 3 months*
Buy nowJust following up again here on how to handle the double counting in PL Report.
Payroll Expenses:
Under Company Contributions:
Payroll Expenses:Company Contributions:Health Insurance - $750
(which correct as the company pays for all the health insurance)
And under WagesPayroll Expenses:Wages - [S-Corp Health Insurance - Company Contribution] - $750
(which correct as this benefit is taxed for S-Corp owners)
So the $750 is double counted under Payroll expenses.