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Employee Benefit Health Savings Account

Posted: Sun Jan 27, 2013 1:22 am
by Ruby B
Have set up Description Item Employer Paid Taxable Benefit and assigned to Employee. Employer Paid Taxable Benefit will be administered by an independent vendor. How can I determine what account the Taxable Benefit will post as a liability/account payable? Other Description Items allow for assigning the appropriate account but I don't see that option for the Taxable Benefit item. What am I missing?

Thanks for your assistance.

Re: Employee Benefit Health Savings Account

Posted: Mon Jan 28, 2013 6:08 pm
by JohnDMeyers
I don't know much about taxable benefits, but I'll take a guess.

Whatever the taxable benefit is, it must be that it is paid out of Accounts Payable, and is not a part of payroll. The only part of the taxable benefit that concerns Payroll is putting the income amount in the appropriate box on the W2.