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Solo 401K - post to QB Online
The owners started a Solo 401K for 2018 and contributed $10,000 each through payroll, we use a separate payroll company to do payroll for the owners, there are no employees. I need to record this in QB Online. The banking gets downloaded into QB and I usually take the net checks and split them Salary and Wages and payroll liabilities. Then the taxes come through and split that to Liabilities and tax expense. I have not set up anything for showing the 401K contributions and need to record checks showing 401K in QB Online. Can someone help me with what I need to do. All I need to do is record the checks correctly in QB Online again showing the 401K contributions. Please help!
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