Employee benefits

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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

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  • 0 in reply to Erik79

    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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