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June 26, 2020
Question

My SIMPLE IRA mutual funds company allows for direct deposit contributions to employee accounts, how do I set this up in quickbooks?

  • June 26, 2020
  • 1 reply
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1 reply

June 26, 2020

Hi atexshredding1. Here's our article on setting up a retirement plan deductions/contributions. Currently, you can only use QuickBooks Online to keep track of the payments. QuickBooks will not send the payments to the provider, this has to be handled by the employer.

 

If you have Intuit Full Service payroll, I recommend you reach out to the support team by phone to set up the deductions for you.

 

If you need anything else just leave a reply below. I'll get back with you as soon as possible. Have a great day.