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Simplify payday and set payroll to run automatically on QuickBooks.Explore Intuit QuickBooks Workforce

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TomR3
Level 1

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Just 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.

 

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