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M
McCook Therapy
September 29, 2023
Question

How do I add another account in payroll along with the employees checking account to drive deductions to ie. Health Care Savings account

  • September 29, 2023
  • 1 reply
  • 0 views

I recently added a HSA benefit for my employees.  I have the deduction and contribution aspect set up, but each employee has an HSA savings account that this needs to be driven to.  How do I create these accounts and drive those dollars to them?

 

1 reply

A
AbegailS_
September 29, 2023

Hi there, McCook. I can share information on how to set up a payroll account for your employees, specifically for an HSA savings account.

 

If your employee has a direct deposit set up, you can add two accounts using the split direct deposit feature. Choose the Direct Deposit option as the payment method, and you can allocate the funds to multiple accounts.

 

On the other hand, if your employee is set up for paper checks instead of direct deposit, they will need to deposit the funds into their HSA savings account themselves. 

 

I'm adding this article to guide you in setting up direct deposit for employees: Set up direct deposit for employees.

 

You can always do it anytime if you want to change the payroll bank account for direct deposits.

 

To learn helpful information about your business and employees, read this article on what to do: Run Payroll Reports.

 

You can always contact us if you need further assistance with payroll. We're always here to ensure you get the help you need. 

J
Julissa5
December 8, 2023

What if the employee is already using their 2 accounts allowed by QBO for DD accounts for their pay, for example if they have an account they add 60% of the cehck and 40% to another bank. Is there another way for the company to pay that HSA contribution?

J
JuliaMikkaelaQ
December 8, 2023

Thanks for sharing your concerns here in the thread, @Julissa5. Let me chime in and add a brief information about this matter.

 

Please know that Intuit Payroll services don't send employee contributions directly to its designated plan providers. However, you can create a regular check for these contributions and process and submit this personally outside QuickBooks.  

 

Additionally, you can set up deduction items for your employees. 

 

You can also run payroll reports to track your employee's info, wages, taxes, deductions, and other related reports in QuickBooks Online.

 

Feel free to leave a comment in this thread if you require further assistance with managing your employees' payroll deductions. I would be more than happy to assist you and provide the necessary support you need.

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