How to clear Employee Benefits account with direct monthly premium withdrawal

I setup 2 expenses accounts for employee benefits as required by QuickBooks Desktop. Premium is paid direct from bank monthly. I now have 2 accounts in my P&L as follows:

Benefits with 2 sub accounts:

Insurance: 303.39 (Life Insurance, AD&D & EHB employer)

Insurance 2: -375.85 (monthly Premium)

Total Benefits -72.46 (LTD employee contribution)

Every month $375.85 is paid from bank account. How do I record this payment to clear benefits accounts? Thanks in advance


Have you set up the benefits in your payroll items? Everything should run thru those items. I have a webinar and a sample QB desktop file if you’re interested in how to set up complex benefits. You may also need to set up a Gst Payable. Have you reviewed the chart in the CRA employer benefits guide? 

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Eileen Reppenhagen , TaxDetective

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