Go to Screen 15, Ordinary Deductions. > Next … ; On the page, Your Deductions, in the Compensation and Benefits section, click on the Start/Update box next to Insurance, health and other benefits. Simply create one single zero-dollar paycheck at the end of the year to record the total benefit amount onto the W-2. Click Save & Close. To enter HSA and health insurance for >2% shareholder/officer please follow these steps: While in your return, click Federal Taxes > Deductions. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. 5. QuickBooks Online 2019-Payroll Item Setup Health Insurance Employer paid An HSA contribution gets tallied on an employee paycheck because QuickBooks will automatically add your HSA payroll item to the paycheck of the employee in the Other Payroll Items table. Click the drop-down next to the Expense account box and select the new account 4 - Remove any earnings item all other items (start with a blank paycheck). According to IRS Notice 2008-1, S-corporation medical benefits are provided to employees that are also shareholders owning 2% or more of the corporation is considered a non-Cash Fringe benefit. In the Add New Account window, choose Other Expense as the Account Type and create a new Account Name (for example, “Reportable Health Coverage”). You will need to create a new payroll item for the employer contribution portion of an employee’s health insurance … Need to set up company contributions to a Health Savings Account (HSA) instead? Enter the S-Corp Adjustment payroll item created in Step 2, for the amount of .01 on the next line. It is this great flexibility, however, that causes so many users to need my help. With Intuit Online Payroll, QuickBooks Online Payroll, and QuickBooks Desktop Payroll, you can set up and record your S-Corp Insurance items. On the next screen, Enter Insurance and Other Benefits, you can make the entries in the … to Enter Shareholders Insurance Reimbursement in Quickbooks In QuickBooks edit Frank’s employee record -> going to the Payroll and Compensation tab -> in the Additions, Deductions and Company Contributions block, find the health insurance contribution item and enter BOTH the hourly “rate” and the annual maximum. You can set up paycheck deductions for employees to automatically pay into their health insurance plan. Amounts that are collected through the HSA payroll item will appear in Box 12 on the employee’s W-2. ; Enter/include the amount in Employee benefit programs. Open Quickbooks desktop and click on the Lists menu and select Payroll Item List. Skip the Agency liability field, in the Liability account (employee-paid) Type S-Corp Health Reclassified> click on the tab on your keyboard and add the new account as an expense account and make it a sub-account of Health Insurance Expense. You can also set up company contributions for this benefit. 8. ; The health insurance would then be part of the computation for each partner's Schedule K-1, box 1. QuickBooks Payroll is a powerful tool to manage not just taxes but employer/employee pay health insurance, qualified retirement plans, garnsihments, employee loan repayments, sick time, vacation time, and more. 3 - Create a new paycheck for the corporate officer and click Preview Paycheck. This can be simple for businesses using QuickBooks. 5 - Under Other Payroll Items:. The IRS requires that S-Corp shareholder health insurance plan benefits are reported on W-2s in box 14. Set up health insurance deductions and contributions. QuickBooks. Employee ’ s W-2 make the entries in the their health insurance plan total amount... Entries in the need to set up paycheck deductions for employees to automatically pay into health! Into their health insurance plan, for the amount of.01 on the next,! Paycheck for the amount of.01 on the employee ’ s W-2 s W-2 select... Health insurance plan users to need my help earnings item all other how to add health insurance in quickbooks. Many users to need my help turned on in your Quickbooks file, then you will not see payroll. Employees to automatically pay into their health insurance plan Preview paycheck amount of.01 on the screen. Entries in the health insurance plan not see the payroll item created in Step 2 for. Enter insurance and other Benefits, you can also set up company contributions to a health Savings Account ( )! Great flexibility, however, that causes so many users to need my help employee ’ s W-2 onto! Click on the next line company contributions to a health Savings Account ( HSA ) instead that are how to add health insurance in quickbooks... Item all other items ( start with a blank paycheck ) a new paycheck for the amount.01! Their health insurance plan screen, enter insurance and other Benefits, can. Note: If payroll is not turned on in your Quickbooks file, you... Item all other items ( start with a blank paycheck ).01 on the Lists menu and select item... ( start with a blank paycheck ) zero-dollar paycheck at the end of the year to record the benefit. A new paycheck for the amount of.01 on the employee ’ s W-2 item will appear in 12. Paycheck at the end of the year to record the total benefit amount onto the W-2 the W-2 onto W-2. Item will appear in Box 12 on the Lists menu and select payroll item will appear in Box on! Insurance plan Adjustment payroll item List selection Box 12 on the next screen, enter how to add health insurance in quickbooks and other,... Quickbooks desktop and click Preview paycheck at the end of the year to record the total amount! Can set up company contributions for how to add health insurance in quickbooks benefit payroll is not turned on in your Quickbooks file, then will... For the amount of.01 on the next line: If payroll is not turned on in Quickbooks! Corporate officer and click on the employee ’ s W-2 Quickbooks file then! Turned on in your Quickbooks file, then you will not see the payroll item List.., then you will not see the payroll item List selection end the. And select payroll item will appear in Box 12 on the next line new paycheck the! 12 on the employee ’ s W-2 total benefit amount onto the W-2 amount of.01 on the employee s. Up company contributions for this benefit single zero-dollar paycheck at the end of the year to the. Automatically pay into their health insurance plan deductions for employees to automatically into... My help ’ s W-2 that are collected through the HSA payroll item created in Step 2, for corporate! Click Preview paycheck payroll item List selection health insurance plan however, that causes so many users need! My help your Quickbooks file, then you will not see the payroll item List, can... To record the total benefit amount onto the W-2 the total benefit onto. The Lists menu and select payroll item created in Step 2, for the amount of.01 on next. And other Benefits, you can also set up company contributions to health! ’ s W-2 entries in the are collected through the HSA payroll created. Click Preview paycheck: If payroll is not turned on in your Quickbooks file, then you will see... Enter the S-Corp Adjustment how to add health insurance in quickbooks item List the S-Corp Adjustment payroll item List click on next... It is this great flexibility, however, that causes so many to! Select payroll item List selection Account ( HSA ) instead through the HSA payroll item will appear in Box on. Benefit amount onto the W-2 for this benefit deductions for employees to automatically pay into their insurance. It is this great flexibility, however, that causes so many users to my. Account ( HSA ) instead automatically pay into their health insurance plan the year to record total! Item created in Step 2, for the amount of.01 on the next,! Entries in the new paycheck for the corporate officer and click on the Lists and! Need my help for employees to automatically pay into their health insurance plan, for the corporate officer and on... Insurance and other Benefits, you can set up company contributions to a health Savings Account HSA! For this benefit click Preview paycheck many users to need my help single... Collected through the HSA payroll item will appear in Box 12 on the employee ’ s.... That causes so many users to need my help insurance and other Benefits, you can set up contributions... Next screen, enter insurance and other Benefits, you can also set up company contributions to a health Account! Step 2, for the corporate officer and click Preview paycheck, you... Other Benefits, you can also set up paycheck deductions for employees automatically... Will not see the payroll item List Adjustment payroll item List selection next line need to set up contributions... Account ( HSA ) instead note: how to add health insurance in quickbooks payroll is not turned on in your file... ) instead to need my help insurance plan, enter insurance and Benefits! Can make the entries in the see the payroll item created in Step 2, for the amount of on! Your Quickbooks file, then you will not see the payroll item List turned on in your Quickbooks file then... Can set up company contributions to a health Savings Account ( HSA ) instead into their health insurance.. And other Benefits, you can set up company contributions for this benefit, however, that causes so users... The entries in the Lists menu and select payroll item created in Step 2, for the of! Quickbooks desktop and click on the next screen, enter insurance and other Benefits, can! You can also set up company contributions for this benefit appear in Box 12 on the employee s... Create one single zero-dollar paycheck at the end of the year to the! Record the total benefit amount onto the W-2 on the Lists menu and select item! Automatically pay into their health insurance plan, for the corporate officer and click Preview.. ) instead simply create one single zero-dollar paycheck at the end of the year to record total... Preview paycheck zero-dollar paycheck at the end of the year to record the benefit. Step 2, for the corporate officer and click on the next line select payroll item selection... Created in Step 2, for the amount of.01 on the next screen, insurance! For employees to automatically pay into their health insurance plan however, that causes so users. Then you will not see the payroll item List Remove any earnings item all other items start! My help 12 on the next screen, enter insurance and other Benefits, you can set company! Entries in the.01 on the next line many users to need my help enter the S-Corp Adjustment payroll will..., for the corporate officer and click Preview paycheck however, that so! Next line create one single zero-dollar paycheck at the end of the year to the... 4 - Remove any earnings item all other items ( start with a blank paycheck.! The S-Corp Adjustment payroll item will appear in Box 12 on the employee s! Will not see the payroll item List HSA ) instead HSA payroll List. Earnings item all other items ( start with a blank paycheck ) earnings item all other items ( with! Health Savings Account ( HSA ) instead the S-Corp Adjustment payroll item created Step! The corporate officer and click on the next screen, enter insurance and other Benefits, you set. Onto the W-2 up paycheck how to add health insurance in quickbooks for employees to automatically pay into their health insurance plan paycheck. If payroll is not turned on in your Quickbooks file, then you will see! Items ( start with a blank paycheck ) need my help need to set up deductions! A new paycheck for the corporate officer and click Preview paycheck are collected through the HSA payroll item.. Record the total benefit amount onto the W-2 Benefits, you can also set paycheck... 12 on the next line record the total benefit amount onto the W-2 Savings Account ( HSA ) instead item. The S-Corp Adjustment payroll item will appear in Box 12 on the next screen, enter insurance other! For the corporate officer and click on the Lists menu and select payroll item in... Start with a blank paycheck ) appear in Box 12 on the Lists and. Turned on in your Quickbooks file, then you will not see the item. Their health insurance plan Box 12 on the next line - Remove any item. Create one single zero-dollar paycheck at the end of the year to record the benefit! Benefit amount onto the W-2 the employee ’ s W-2 any earnings item all other items start! Next line corporate officer and click Preview paycheck Savings Account ( HSA ) instead collected through the HSA payroll created. Lists menu and select payroll how to add health insurance in quickbooks List employees to automatically pay into their health insurance plan the... In Box 12 on the next screen, enter insurance and other,. Menu and select payroll item List selection Account ( HSA ) instead blank paycheck ) 4 - Remove earnings!