i need to set up PRE-TAX AFLAC 100% PAID BY EMPLOYEE deductions for life insurance in quickbooks online
i need to set up PRE-TAX AFLAC 100% PAID BY EMPLOYEE deductions for life insurance
i need to set up PRE-TAX AFLAC 100% PAID BY EMPLOYEE deductions for life insurance
Thank you for posting here on the Community page, AS00.
I'm here to make sure you'll be able to set up PRE-TAX AFLAC 100% paid by Employee deductions for life insurance.
Payroll deductions can be used for any type of employee medical insurance, such as Aflac. Let me guide you with setting it up:
For this medical insurance, QuickBooks Online will automatically create a liability account. Go to Payroll Settings, then Accounting under Preferences to review the account configuration.
You can create a Check when you're going to pay this medical fee. For this medical insurance, simply select the liability account. You can also use a journal entry to debit funds from the liability account and deposit them into any clearing account you've set up.
Check out the Pretax health insurance section of this article for more details about the supported pretax health insurance: Add or change pay types.
Please let me know if you need more help with managing your payroll taxes or anything else related to QuickBooks. I'll be here to help you. Take care and have a great day.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.