Hi spencerr-srdigit, Welcome to the QuickBooks Community! I'm excited to learn you're taking advantage of the payroll features in QuickBooks. I'll be happy to help you navigate from here so you can achieve your QuickBooks goals with ease. Here's how to add a health care contribution or deduction in QuickBooks: Go to the Employees, and then select the employee you want to edit. Select Edit ✎ next to Pay. Select Edit ✎ next to Does this employee have any deductions?. Choose a Deduction/contribution type from the dropdown list, or to create a new one, choose New deduction/contribution. Select which Type or sub-category of the deduction/contribution. Select which Type or sub-category of the deduction or contribution. You can learn more about each type’s tax implication by selecting the triangle (^). Enter the Provider name in the box provided. This is how the deduction/contribution will show up on the employee’s paycheque or pay stub. You can now enter the Employee deduction & Company-paid contribution amount per pay period. You can choose $, % or None, as well add an annual maximum to avoid over deducting. If the item is a contribution only, you can choose None for Amount per pay period. Select Ok. This article here goes in-depth on how to set up the contributions and I encourage you to check it out. Give this a try and let me know if this info helps. I'll be one message away in case you need anything else.

Question

Hello, we have personal health insurance for our business (the owners, not employees) how do I set this up? We are using QuickBooks online.

Forum|Forum|3 years ago
August 4, 2022
2 replies
1 view

No text available

QuickBooks Online

J

JamesM4

Level 6

Hi spencerr-srdigit,

Welcome to the QuickBooks Community! I'm excited to learn you're taking advantage of the payroll features in QuickBooks. I'll be happy to help you navigate from here so you can achieve your QuickBooks goals with ease.

Here's how to add a health care contribution or deduction in QuickBooks:

Go to the Employees, and then select the employee you want to edit.
Select Edit ✎ next to Pay.
Select Edit ✎ next to Does this employee have any deductions?.
Choose a Deduction/contribution type from the dropdown list, or to create a new one, choose New deduction/contribution.
Select which Type or sub-category of the deduction/contribution. Select which Type or sub-category of the deduction or contribution. You can learn more about each type’s tax implication by selecting the triangle (^).
Enter the Provider name in the box provided. This is how the deduction/contribution will show up on the employee’s paycheque or pay stub.
You can now enter the Employee deduction & Company-paid contribution amount per pay period. You can choose $, % or None, as well add an annual maximum to avoid over deducting. If the item is a contribution only, you can choose None for Amount per pay period.
Select Ok.

This article here goes in-depth on how to set up the contributions and I encourage you to check it out. Give this a try and let me know if this info helps. I'll be one message away in case you need anything else.

S

spencerr-srdigitAuthor

Thanks for this, however, this is for ownership, not employees. Any insight on how we would categorize this on the transaction menu?

H

Henock K

QuickBooks Team

Hi spencerr-srdigit,

Thanks for reaching out on this thread. It's essential that you record your transactions correctly in QuickBooks Online in order to keep your books balanced. I'd be glad to point you in the right direction for setting up personal health insurance for your business.

I'd encourage you consult an accountant as they can help you categorize personal health insurance for your business on a transaction. If you don't have an accountant, you can find one near you by clicking on My Accountant on the left navigation menu> and then Find a pro to help.

Let me know if you have any questions, I'll be happy to help.

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