# Benefits payable

> Benefits payable — What the employer owes a carrier or a plan: the employees' premiums and deferrals withheld from pay, plus its own share, until paid over. It should clear to zero at each month end, or be explained by a payment in transit.

Source: https://lopifi.com/glossary/benefits-payable
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is benefits payable?** In accounting, benefits payable means what the employer owes a carrier or a plan: the employees' premiums and deferrals withheld from pay, plus its own share, until paid over. It should clear to zero at each month end, or be explained by a payment in transit.

## Words this system refuses for it

- payroll liabilities (the tax withheld)
- accounts payable

- **Category:** Benefits
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)