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smorgan01
January 10, 2022
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How to handle Dental and Vision Insurance deductions.

  • January 10, 2022
  • 1 reply
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I am running Quickbooks Desktop Premier 2021 with Payroll.  I have setup payroll items for Health Insurance, Dental Insurance and Vision Insurance for my employees portion of the premiums.   My employee pays 25% of the premiums.  I have also setup a payroll item for Health Insurance Contribution.  This shows the company contribution for the health insurance premium paid by the company.  How do I handle the company portion of the premiums for the dental and vision? 

Best answer by DivinaMercy_N

Let's get this taken care of, @smorgan01.

 

Thanks for giving detailed information about your payroll item concern. You've done a great job setting up a payroll item for your company paid portion (Health Insurance Contribution). There's no need to create a separate company portion for each employee health insurance. The next thing you'll have to do is simply add the payroll items to your employee's paychecks. QuickBooks Desktop (QBDT) will automatically calculate the amounts. You can browse through this article for more guidance in setting up payroll items: Set up a payroll item for an insurance.

 

Also, it's easy to view your employee data and monitor your business finances in QBDT. To do so, you can open any payroll reports that suit your needs. To give you a list of those reports and an overview of what data they show, please head to the Excel-based payroll reports page.

 

If there's anything else I can help you with setting up payroll items in QuickBooks, feel free to leave a reply below. I'd be glad to assist you further. Have a good one. 

1 reply

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MirriamM
January 10, 2022

Thanks for reaching out, @smorgan01.

 

To make sure we're on the same page, I need to gather additional information. Can you please elaborate on what do you mean by handing the vision and dental insurance for the company? As well as the effect when running payroll? Knowing this information helps me provide the right troubleshooting steps to get this taken care of in a timely manner.

 

For further insight about setting up payroll items for dental and vision insurance for your employee, I recommend the following article: Set up a payroll item for an insurance.

 

I appreciate you taking the time visiting us here today, and I look forward to your response.

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smorgan01Author
January 10, 2022

I have setup individual payroll items for Health Insurance, Dental Insurance and Vision Insurance.  I have also setup one payroll item for Health Insurance Contribution.  This item is for the company paid portion of the employees health insurance.  Do I just total the portion of health, dental and vision insurance that the company is paying per employee and this is the amount I put in Health Insurance Contribution or does each need to be separate?  Should I have a Dental Insurance Contribution and another for Vision Insurance Contribution?  If so, how do I do this?  I did not see any items or instructions stating this is how it should be done.

DivinaMercy_N
DivinaMercy_NAnswer
January 10, 2022

Let's get this taken care of, @smorgan01.

 

Thanks for giving detailed information about your payroll item concern. You've done a great job setting up a payroll item for your company paid portion (Health Insurance Contribution). There's no need to create a separate company portion for each employee health insurance. The next thing you'll have to do is simply add the payroll items to your employee's paychecks. QuickBooks Desktop (QBDT) will automatically calculate the amounts. You can browse through this article for more guidance in setting up payroll items: Set up a payroll item for an insurance.

 

Also, it's easy to view your employee data and monitor your business finances in QBDT. To do so, you can open any payroll reports that suit your needs. To give you a list of those reports and an overview of what data they show, please head to the Excel-based payroll reports page.

 

If there's anything else I can help you with setting up payroll items in QuickBooks, feel free to leave a reply below. I'd be glad to assist you further. Have a good one. 

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