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K
Kareninil
July 26, 2022
Question

Recording insurance payments to company for maternity leave reimbursement.

  • July 26, 2022
  • 1 reply
  • 0 views

We have two employees currently on maternity leave. They have continued to be paid in full since they went on leave. The company has just started receiving reimbursements from Paid Family Leave and Disability Insurance policies and I am wondering how to record these reimbursement checks properly in QB's desktop since the employees have received their wages and all taxes have been withheld and paid on those wages. Thanks in advance for the help.

1 reply

C
CharleneMaeF
July 26, 2022

I'll help you record the insurance payments, Kareninil.

 

Let's create a deposit to enter the maternity leave reimbursement in QuickBooks Desktop. Here's how:

 

  1. Go to the Banking tab and then select Make Deposits.
  2. In the Deposit to field, select the bank account where the money has been taken out.
  3. In the From Account section, choose the bank you've used for the insurance payment.
  4. Enter the other necessary details.
  5. Once done, click on Save and Close.

 

I've also added an article for your reference about the process: Record and Make Bank Deposits in QuickBooks Desktop.

 

To ensure the reimbursement is tracked accurately, I'd suggest consulting an accountant. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you.

 

Additionally, I've added these articles that'll guide you in tracking your employees' time off and assigning pay schedules. This helps you manage your payroll:

 

 

I'm only a post away if you have additional questions about the tracking process. It's my priority to keep your payroll accurate.

K
KareninilAuthor
July 27, 2022

I guess I should have been clearer. It's obviously being deposited in the bank account. I'm wondering about recording the other side of the transaction. Should I put the other side in wages expense since this is a reimbursement for the wages we have continued to pay the employee?

Candice C
Candice C
July 27, 2022

Good morning, @Kareninil. 

 

I appreciate you coming back on this thread with your question about recording insurance payments to company for maternity leave reimbursement. 

 

Based on the details you provided, I recommend consulting with your accountant to be sure. They'll be able to give you best accounting advice for your business. 

 

Keep us updated on how it goes. We want to ensure that you know how to record this properly in your QuickBooks Desktop account. Have a great day! 

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