Insurance benefits, like health insurance, are an important part of employment packages. In this video, learn how to set up items for the insurance benefits you offer to your employees.
- [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 next setting here is … when is the employee portion deducted, …
Note: This course covers only the US versions of QuickBooks Desktop and Payroll.
Skill Level Beginner
Using the exercise files2m 36s
1. Getting Started
2. Setting up Payroll Information
3. Defining Payroll Taxes
4. Finalizing Payroll Setup
5. Running Payroll and Payroll Liabilities
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