QB Issue Resolution:
It matters what sort of “premium” is being paid, and if this is taxable to the employee; if the employee pays by deduction, it also matters if this is qualified as Pre-tax or is post-tax (like a wage garnishment). It also matters if and how this is supposed to report for W2 purposes and for tax tracking.
1. Employee Benefits Expense is fine, or just Payroll Expense is fine.
2. Anything deducted from the employee, to be passed on, does NOT link to P&L. It is a Liability. If it is deducted as an internal reimbursement, then it links to the same expense account as the company paid out of, offsetting the amount reported for the company.
Resolution for Issue 'How to set up employee benefits expense account?' available: Yes (Solved).
Source: Intuit Community forum.
How to set up employee benefits expense account?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Employee
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