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October 11, 2023
Question

Employer Sponsored Child Care

  • October 11, 2023
  • 1 reply
  • 0 views

Company is paying part of the child care expenses for employees.

How can we set this up in QB?

1 reply

MJoy_D
October 11, 2023

I can share some information about setting up child care expenses, @Saphire605

 

You can create a company contribution and then add the item to the employee profile. 

 

Here's how to set up company contribution item:

 

  1. Go to the Lists menu and then Payroll Item List.
  2. Click on the Payroll Item dropdown and select New.
  3. Choose Custom Setup, then Next.
  4. Select Company Contribution, then Next.
  5. Enter the item name, then Next.
  6. Select the name of the agency to which liability is paid (or add it), the account number, and the expense account that you want to track the item. Select Next
  7. Set the tax tracking type to None. Select Next three times.
  8. Leave the Default rate and limit fields blank. You can add the rate and limit when the item is added to the employee profile.
  9. Click on Finish to save the changes.

 

You can add the item to your employee's profile:

 

  1. Go to the Employees menu and then Employee Center.
  2. Choose your employee and click on Payroll Info.
  3. In the section for Additions, Deductions, and Company Contributions, add the health benefit insurance items.
  4. Enter the amount per period and the limit.
  5. Select OK.

 

Refer to the following article for more information about setting up company-paid contributions to an employee’s retirement or health insurance plan: Set up and manage company contributions

 

From here, you can run a payroll summary report by employee to view the payroll wages, taxes, deductions, and contributions totaled by employees. 

 

Let me know if you need help setting up child care expenses. I'm always here to assist you. Have a great rest of the day!

October 12, 2023

Thank you!

AldritchM
October 12, 2023

You're most welcome, @Saphire605.

 

I'm glad to hear that my colleague was able to assist you with your inquiry regarding the establishment of your company's contributions.

 

Please keep in mind that our forum page and this thread are both open for any additional questions or concerns. Take care always!