From the course: QuickBooks Payroll Essential Training

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Setting up insurance benefits

Setting up insurance benefits

From the course: QuickBooks Payroll Essential Training

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Setting up insurance benefits

- [Instructor] Insurance benefits such as health insurance are an important part of employment packages because of their cost and various tax treatments, these payroll items come with several settings. In the QuickBooks payroll setup, we just finished up with compensation. You can see over on the left-hand side that the next category in the list is insurance benefits. Go ahead and click that to head to the insurance benefits screen. There are no items yet. So we're going to add one. On the right hand side click add. That opens up the add insurance benefit item screen. The first thing we're going to do is specify the benefit type. Health insurance is right at the top of the list. So select that, and then you can specify who pays for it. You can specify that the company pays all of it, the employee pays all of it, or both the company and employee pay portions. Let's go ahead and select that, both company and employee. The…

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