I have searched far and wide and have not found a similar discussion. Seems so simple, yet I can't figure it out. Appreciate the help!

I have an S-Corp with 2 owners and 1 employee.

I have QuickBooks Online Simple Start and QuickBooks Self Service Payroll.

Profit and Loss Statement is showing my full Health Insurance Expense AND Company Contribution: Health Insurance. I am not sure if I should set up a wash/reimbursement within an Expense account or if I should use liabilities/assets.

1. Employer pays health insurance bill on 1st of Month for the remaining month.
2. Record it as an expense under Health Insurance.
3. 5th & 20th of each month, employee is paid and deduction is made reimbursing the 1st of month expense. Employer contribution is recorded on payroll.
   1. Employee's pay deducted for half of the her own insurance expense.
   2. Employer contributes half of the employee's expense.
4. Employee's deduction is not displaying in Profit and Loss (i.e. it's not reducing the Health Insurance Expense).
5. S-Corp Owners on Payroll DO NOT have any contributions/deductions recorded. Accountant said it's easier to not have that on the payroll to account for it at end of year.

Therefore, I believe, there should be three categorizes:

Health Insurance Expense

Company Contribution at Payroll time (which reduces Health Insurance Expense)

Employee's Deduction at Payroll time (which reduces Health Insurance Expense)