Step 3. Include a credit for the total of the employee health insurance deduction. Post the credit in a liability account labeled as a health insurance payable account, but label this account as employee contributions. Create a separate liability account for your share of the premiums. Step 4. Post a debit to the liability account for the payable account balance when you issue your premium payment.
A screwdriver with two parts of Sloe Gin, one part of Southern Comfort and filled with orange juice is a Slow Comfortable Screw. A screwdriver with one part of Sloe Gin, one part of Southern Comfort and one part Galliano and filled with orange juice is a Slow Comfortable Screw Up Against The Wall.
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