Drake Accounting - Match Benefit and Deduction

Overview

Certain benefits, such as health insurance, can have a Matching Benefit from the employer. This means that the employee pays a certain amount, usually out of their paycheck as a deduction, and then the employer matches that amount, often up to a certain percentage. After the benefit is created, make sure the appropriate Matching Benefit is selected at Employees > Deductions & Benefits > Deductions tab.

Save the employee's Matching Benefit. When selecting and assigning the deduction at Employees > Deductions & Benefits > Deductions tab, ensure that the Matching check box is selected.

See Drake Accounting - Entering Payroll Deductions for additional details on setting up benefits. For matching 401(k) benefits, see Drake Accounting - 401(k) Matching.