Yes, there is, @pizzapizza. I’m here to guide you through the process.
QuickBooks has specific ways to accurately track S-corp health insurance or medical contributions. All you have to do is set up a payroll item and report it on your employees' paychecks and tax forms.
You can follow the steps below to complete the process:
- Determine the insurance plan you offer to your 2% shareholders.
- Set up your S-corp medical insurance item.
- Report S-corp contribution on your paychecks.
Check out this article for detailed instructions: Set up an S-corp medical payroll item for your corporate officers.
Once accomplished, you can run payroll reports to track your S-corp contributions. You can customize and use the available reports features to display the details that matter the most to you.
If you need further assistance operating your payroll transactions, never hesitate to let me know. I’ll be here always, @pizzapizza.
