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August 8, 2023
Solved

Unpaid Sick Leave Benefit Tracking in Quickbooks Desktop Premier Plus with Assisted Payroll.

  • August 8, 2023
  • 1 reply
  • 0 views

Hello Helpful People! 

There is an employee on extended sick leave, and all PTO is exhausted. 

This employee needs the medical insurance, so even though the employee

is not working, the company is generously continuing to pay both the employee portion 

and the employer portion of the medical insurance. 

Quickbooks Desktop Payroll phone support set up a payroll liability adjustment to 

track that payment so it does go into the payroll liability account, and all of that

is good, but on the profit and loss it shows up as: "payroll expense - other".

What kind of account should be set up to give the account it's own line item on the P&L

and be able to create a deduction when the employee returns to work ?

 

Thank you! 

Best answer by BigRedConsulting

If the company is paying for an employee's deduction, and will later get that money back, then it's a loan to the employee. This is asset for the business.  So, set up an asset account to track the money the employee owes the company.

1 reply

BigRedConsulting
August 10, 2023

If the company is paying for an employee's deduction, and will later get that money back, then it's a loan to the employee. This is asset for the business.  So, set up an asset account to track the money the employee owes the company.

Rochelle_Author
August 15, 2023

Thank you so much!