How to handle Health Benefits in Payroll Module

Post Reply
M1EnterpriseTech
100 Club: Active Contributor
100 Club: Active Contributor
Posts: 171
Joined: Wed Aug 24, 2016 9:22 am

How to handle Health Benefits in Payroll Module

Post by M1EnterpriseTech »

1) Go to Purchases module form the home ribbon | Create New Bill for the Company providing Health Benefits (Must create Contact then make them a Supplier)

2) Total the amount of the bill each month X 12 and divide by the number of payroll entries.

3) Use that amount to deduct from the employee's paycheck - do not take away from employer.

4) GL Adjust from payroll liabilities - employee portion and offset the health insurance expense
Enterprise Support Specialist
Post Reply

Return to “Enterprise: Accounting”