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explorewhitefish
April 19, 2023
Question

Health Insurance (Company Paid)

  • April 19, 2023
  • 1 reply
  • 0 views

We run payroll through QBO and I'm new to it.

We have 2 employees who are under the company paid insurance. 

1 employee gets paid monthly. His monthly company-paid premium is listed as a payroll item on his monthly paycheck.

1 employee gets paid weekly. His monthly company-paid premium is divided by 4 and listed as a payroll item on his weekly paycheck. I know there are month's with 5 weeks, but didn't know how else to split it up.

 

How so I convert these payroll items into a monthly bill to reconcile with the bill we receive from the insurance company? I want to pay the monthly insurance bill but don't want to double-enter it.

 

And, is there a better way to do this overall?

1 reply

Nicole_N
Nicole_N
April 20, 2023

Hi there. Thanks for taking the time to post your concern here.

 

Please know that you're unable to convert a payroll item into a monthly bill in QuickBooks Online (QBO). However, you can pay the monthly insurance bill through check. Here's how to create a check.

 

  1. Select + New, then Check.
  2. Choose the Payee from the dropdown ▼.
  3. From the Bank account dropdown ▼, select the account the check withdraws money from.
  4. Complete the check fields you need.
  5. Select the Print check option if you want to open the check queue to print now. Or select the Print later checkbox if you want to print the check later.
  6. Click Save and Close.

 

Moreover, I recommend consulting an accountant for the account to use. This is to ensure the accuracy of your books.


I'm adding this article to learn how to set up your print settings so you can print checks in QuickBooks Online: Configure your print settings for printing checks in QuickBooks Online.

 

The Community team is here if you need further assistance creating a check. Take care and have a great day.

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