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August 26, 2019
Question

Health Plan Deductions

  • August 26, 2019
  • 1 reply
  • 0 views

Hi I am trying to find a way to create a deduction list and assign amounts. For example there are 3 health options, 3 dental, and 3 vision options. I want it to be set up so I will not have to recalculate any amounts if someone decides to drop a portion of their insurance option. 

1 reply

August 26, 2019

Hi Kim47,

 

You've come to the right place for help. I'll help so you don't have to recalculate the amounts in case someone decides to drop the insurance option. 

 

Based on what you've described, you need to set up Voluntary Deductions and I'll show you how. Voluntary payroll deductions include medical, dental, and vision insurance premiums (both pretax and post-tax). Once a deduction is set up for one employee, this deduction item appears as an option to select when adding a deduction to the rest of your employees. Here are the steps to setting up deduction items to employees: 

 

  1.     Select Employees.
  2.     Choose the employee's name.
  3.     Select Edit beside Pay.
  4.     In section 4, select Edit ✎.
  5.     From the drop-down ▼ menu, select Deductions/contributions.
  6.     Select the deduction type and category.
  7.     Enter the description and amount.
  8.     Select Ok.

You can add the same deduction you've set up to an employee to other employees by assigning it to them. Here are the steps:

 

  1.     Select Employees.
  2.     Select an employee from the list.
  3.     In the Deductions and Contributions section, select Edit.
  4.     Select Add new deduction or contribution.
  5.     In the new window, select the name of the deduction you'd like to add.
  6.     As applicable, define the per-pay period deduction and annual maximum for the deduction you're adding. Do the same for your company's contribution.
  7.     Select Done.

For more information on how deductions work, I encourage you to check out this helpful article: Set up voluntary deductions in QuickBooks Online PayrollIn case you have other questions, don't hesitate to reach back to us. We got your back here in the Community! 

 

Otherwise, have a great week! :)