User Support Forum

So, I'm assuming it's not normal to have negative liabilities?

We have negative liabilities within the group insurance sections (ie. LTD payable, AD&D payble, etc) of our balance sheet and I'm trying to figure out why.

Are these accounts used to accumulate the withholding for insurance deductions from people's pay? If so, a negative payable indicates there is a disconnect between what was withheld from people's pay and what was actually paid to the insurance company. Recommend that you run an account activity report on these accounts for say the past year. Then do some analysis on the debits and credits posting to these accounts to the deductions from people's pay vs. what was paid to the insurance company.