Company Paid Health Insurance on W2

To print company paid health insurance on the W2, you will need to enter the amount for each employee as an after the fact payroll check to an Employer Accrual Item which is posting to a statistic account GL account.

Verify or set up Benefits In/Out GL Account

• The Classification must be Statistic. (Statistic class accounts do not appear on Financial Statements or in the General Ledger reports.

Verify or set up Company Paid Health Insurance Payroll Item

• The Type is Employer Accrual. 
• Select the Benefits In and Out account in the Expense Account and Liability Account fields. 
• Select Box 12 in W2 Tracking and enter DD in the W2 Code field.

Enter After the Fact Payroll Check

• Select the Company Paid Health item and enter the amount. All amounts posted to this item will print in Box 12 of the W2 with a code of DD.