Skip to main content
B
BrimmingOver
February 8, 2022
Question

How do I map payroll deductions for extended health benefits to the expense account?

  • February 8, 2022
  • 1 reply
  • 0 views
We deduct a set amount from each employee, on each payroll, to cover their LTD costs for their extended health benefits. Right now, QBO is mapping the deductions to a payroll liability account, but it should be crediting the Benefits Expense account. When I go to the Payroll Preferences Accounting section, it only gives me the option to map to liability accounts, none of our expense accounts.

1 reply

N
Nick K
February 9, 2022

Hi BrimmingOver.

 

Making sure your company expenses are sent to the right accounts is the key to good bookkeeping. I'd be happy to go over how payroll works with expenses.

 

When entering what a company pays towards an expense, such as health benefits is tracked to your payroll liabilities and can't be changed. If you want to move that amount into your Benefits Expense account you'll need to use a journal entry. If you have issues with making the journal entry I recommend reaching out to your accountant. Should you not have an accountant no worries, we can help. You can find one in your area by going to My Accountant>Find a pro to help.

 

If you have any questions let us know and we'd be happy to help.

Terms & ConditionsAccessibility statement