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Video instructions and help with filling out and completing w-2 box 12 codes dd
Today we are going to show you how to update your accounting records to make the necessary changes to report the health care costs on your w-2s first open up pro fund accounting click on payroll payroll constants and select deduction types next find the deduction code for your health care click Edit clear out the w2 info box and then change the text code box from box 14 to Dee Dee next go to the prey merge titles and then parameter 5 type c.m.p space a.m t the stands for the company amount then click Save and done now we need to reflect the new deduction code requirements and employee maintenance risk go to payroll employee maintenance click on the employee click on deductions tab and find the deduction code that you set up earlier which was M to catch up the year to reflect the amounts paid on the employees behalf or the payrolls already paid during 2021 click Edit then enter the total year-to-date healthcare paid by the employer for this particular employee in the CMP amt box before running your next payroll in this case we are going to use three thousand dollars for the three months of 2021 and click Save you will need to do this for every employee for the same deduction code now after your payroll is finished go back into this deduction code and enter the normal amount paid on the employees behalf by the employer in the CMP amt box again click Edit in this case we're going to use 350 dollars and click save now if the employee status changes during the year simply change the amount in this box from the three hundred fifty dollars to the new amount the employer pays after that you're all set.