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Mugsy
January 30, 2019
Solved

add S-Corp 2% Health Insurance to wages in QBO

  • January 30, 2019
  • 2 replies
  • 0 views

I need to add shareholder health insurance to my gross wages but I do not see it in the drop down list for adding deductions/contributions.  Where do I go to do this?

Best answer by ShiellaGraceA

You can see it under the How much do you pay this employee? section, Mugsy.

 

Here are the steps:

  1. Click Workers, and then Employees.
  2. Click the name of the employee you want to pay S-corp owners health insurance amount.
  3. Click Edit employee.
  4. Under How much do you pay this employee? click the Pencil icon.
  5. Click Even more ways to pay this employee to see more pay types, and select it from there.
  6. Click Done.

I'll be here if you have additional questions.

 

 

 

2 replies

S
ShiellaGraceAAnswer
January 30, 2019

You can see it under the How much do you pay this employee? section, Mugsy.

 

Here are the steps:

  1. Click Workers, and then Employees.
  2. Click the name of the employee you want to pay S-corp owners health insurance amount.
  3. Click Edit employee.
  4. Under How much do you pay this employee? click the Pencil icon.
  5. Click Even more ways to pay this employee to see more pay types, and select it from there.
  6. Click Done.

I'll be here if you have additional questions.

 

 

 

    T
    tahoeblue08
    October 19, 2019

    I have the same question but it does not appear as a choice in my QBO (see attached).  I've searched everywhere I can think to resolve this and in the evenings (when I work) the support desk is closed.  Help!  

     

    R
    Rasa-LilaM
    October 19, 2019

    Thanks for joining this thread, @tahoeblue08.


    I know you’ve already accessed the employee’s profile, let’s open it again and then go to the You can also pay section to check for the S-Corp 2% Health Insurance pay type. Here’s how:

     

    1. Tap the Workers menu to choose the Employees tab.
    2. Selecting these options will open to the My payroll page. From there, click on the employee’s name to view its profile.
    3. Hit the Pencil icon for Pay under Employee details.
    4. Go to the How much do you pay section and then click on the + Add additional pay types link.
    5. Mark the box for S-Corp Owners Health Insurance under You can also pay.
    6. Click on Done to save the changes.

    However, if the payroll item is still missing, login to your account using the incognito mode or private browsing. When using these sessions, none of your information is saved or tracked along the way.


    Follow the keyboard shortcuts below to open a private browser:

     

    • Google Chrome: press Ctrl + Shift + N
    • Mozilla Firefox: press Ctrl + Shift + P
    • Internet Explorer: press Ctrl + Shift + P
    • Safari: press Command + Shift +N

    If you’re able to see the S-Corp Owners Health Insurance box, switch back to the regular browser and clear its cache to start fresh. This process also boosts its overall functionality.

     

    For additional resources, here’s an article with detailed information about the supported pay types in QuickBooks. It also provides a quick overview of how it's reported on the tax forms: Supported pay types. 


    You’re always welcome to visit the Community if you any questions about QuickBooks. Please know I’ll be right here to make sure you're taken care of.

    C
    cindy lucy
    August 6, 2020

    Going a step further:

     

    The shareholder paid the health insurance and is reimbursed at the same transaction. 

     

    The instructions presented were exactly what was set up to include the health insurance as wages on his W-2 but now there is a second step to include the reimbursement in his wage each pay period. This is not working.  

     

     

    Reimbursement 

     

    Recurring amount:$(optional)
     
     

    Health Ins. 

     

    Recurring amount:$(optional)
     
     

    S-Corp Owners Health Insurance

    Recurring amount:$(optional)
    BettyJaneB
    BettyJaneB
    August 6, 2020

    Thank for joining us here in the Community, @cindy lucy.

     

    I'd like to ensure that we're on the same page so we can get this issue sorted out.

     

    May I ask what specific part of the process is not working? Did you create your own reimbursement pay type?  Have you encountered any error messages?

     

    Any further details or screenshot about this concern is much appreciated. This way, I'll be able to narrow down this matter.

     

    Please get back to me with more information by leaving a reply below. I'll be keeping an eye out for your response on this. Take care!

    C
    cindy lucy
    August 6, 2020

    Adding the S Corp Health Insurance also posted to a liability account.  The company is not paying the health insurance so right there requires an adjusting journal entry to zero the liability.  I believe that there is a debit to health insurance, credit to liability.

     

    I added "health insurance" as an extra pay item as the means to reimburse the shareholders each pay period.  I believe that entry is also a debit to health insurance and credit to cash.  

     

    The AJE is debit liability credit health insurance each pay period.

     

    If I could assign the health insurance to the liability account vs the expense:  health insurance then no AJE.

     

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