Hello,
At this situation, how do I set up for the employee benefit?
The benefits is a health care plan.
Employee contribution is $20.
Employer contribution is $40.
Thanks,
Kaz
check out the article 10287 on the knowledgebase, I think that is what you are looking for.
Hello Erik79,
I tried the setup based on the knowledge base.
Is it correct?
Section I: Creating a Group Deduction
Add deduction: $20 for employee contribution
Linked account: Health care payable
Section II: Creating a Group Benefit
Add income: $40 for employer portion
Linked account: Wage expenses
Section III: Creating the Employers Expense
Add other expenses: health care for $40
Linked account: Payables: Health care payable and Expenses: Health care expense
Also, which code should I set for payment adjustment?
Thanks,
Kaz
Hello Erik79,
I tried the setup based on the knowledge base.
Is it correct?
Section I: Creating a Group Deduction
Add deduction: $20 for employee contribution
Linked account: Health care payable
Section II: Creating a Group Benefit
Add income: $40 for employer portion
Linked account: Wage expenses
Section III: Creating the Employers Expense
Add other expenses: health care for $40
Linked account: Payables: Health care payable and Expenses: Health care expense
Also, which code should I set for payment adjustment?
Thanks,
Kaz
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