Looking to find information on the correct posting for LTD Benefits 100% paid by employee.
The LTD payment by employee is being posted to LTD Payable account 2000 through the Payable module
The LTD payment made to the insurance company is being paid in the vendor module and expensed to the 5000 account.
With this structure I have both accounts accumulating. What would be the solution to this? I would think that my payable account would need to be reduced to zero each month once I paid the invoice.
Please help :)
Thanks