Remap QBO Payroll Items
I have a client using Quickbooks Online payroll and their employee health insurance deductions are defaulting into a payroll liability account. I've gone to Payroll Settings / Accounting and tried to remap the health insurance deduction to go directly to the client's Health Insurance Expense account so that he does not have to create a monthly AJE moving the accumulated liability to reduce the related expense account. However, deductions and contributions is not option to correct under the Accounting tab. I'm able to edit Wage Expenses, Taxes, etc and then Other Liabilities and Assets. If I try to edit the Medical Insurance payroll item under other liabilities and assets, the only other options from the chart of accounts, are intuitively, other liability accounts and assets. If instead I go through the employee's payroll directly and try setting up a new payroll item / deduction, it only allows me to select from a list of predetermined payroll items that QBO has defined, one of which is Health Insurance. If I then try to create a new Health Insurance deduction using this predetermined option from the drop-down list (health insurance), it defaults mapping the deduction back to the pre-mentioned liability account. It does not offer you the option of choosing which account the payroll item should be mapped too like QB desktop does. How do I create a new payroll deduction that allows ME to choose which account the payroll item should be going to?
