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Employee benefits: Health Insurance

Forum|Forum|3 years ago
March 14, 2023
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As payroll is done the general ledger posting entry is:

Dr. Employee benefits Health Ins. Expense

Cr. Employee Benefits Payable

Kaiser Permanente Bills in advance to the liability account always has a debit balance. I would like to change the benefits payable to a prepaid asset account... prepaid Benefits and am having difficulty in finding a way to do this.

Any ideas on this would be greatly appreciated.

Ted Hind

QuickBooks Accountant Online

Best answer by LeizylM

Hi there, Ted Hind.

Let me make it up to you by ensuring you'll be able to change the Benefits Payable to a Prepaid Asset account in QuickBooks Online (QBO).

You can edit the Employee Benefits Payable through the Payroll Settings.

Here's how:

1. Go to the Gear icon.

2. Select Payroll Settings under Your Company.

3. Look for the Accounting, and click the Pencil icon.

4. From the Other Liability and assets, click the Pencil icon to edit.

I've added this article to know more about the Payroll reports that you can run in QuickBooks:

If you have more questions about Employee Benefits Payable, feel free to reach back out through this thread. I'm just around to help. Have a great day!

Hi there, Ted Hind.

Let me make it up to you by ensuring you'll be able to change the Benefits Payable to a Prepaid Asset account in QuickBooks Online (QBO).

You can edit the Employee Benefits Payable through the Payroll Settings.

Here's how:

1. Go to the Gear icon.

2. Select Payroll Settings under Your Company.

3. Look for the Accounting, and click the Pencil icon.

4. From the Other Liability and assets, click the Pencil icon to edit.

I've added this article to know more about the Payroll reports that you can run in QuickBooks:

If you have more questions about Employee Benefits Payable, feel free to reach back out through this thread. I'm just around to help. Have a great day!

Thank you Leizy...

The Other Liability and Assets do not show up until you set up employer contributions I guess.

But it was there plain as day on the client's Payroll.

Thanks, I am able to fix it for them now and get that Prepaid insurance set up.

Ted

Thanks for getting back to us, @Tedmhind.

I'm glad that my colleague LeizylM was able to help you accomplish your task in QuickBooks Online (QBO) Payroll.

If you have any follow-up questions or queries, please add them to this thread. I'd be glad to help you out.

Thank you

I do have one other question in this line of thought...

The "Payroll Liabilities: Medical Insurance" shows up in the Detail Type as "Payroll Tax Payable"

Is there an error here??? Surly medical insurance payable is not payroll tax payable.

Thanks for any light you can share on this...

Ted