How to deduct insurance payments when paying owners as vendors?
The company I work for is an LLC. There are 3 owners. We have been having the owners issue invoices for their work so we can track time and costs to a specific project; however, I have to take out dependent insurance payments on two of the owners' checks. I have been doing this by discounts via Pay Bills and putting it to Group Insurance account.
1) is this the correct way of doing this?
2) is there an easier way? Sometimes we are paying several different invoices for the owners for several different jobs and it is very difficult to split that insurance payment across the board doing it that way.
