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Level 2

First Payrun in QBO - Pensions

Hi All, i have just migrated from desktop to QBO and i am setting up my employees so i can run my first pay run and in the last section for each employee it is asking me to st up their pension. I want QBO to calculate the pension contributions and log them in QBO but i use a third party to send the data to Smart Pension so don't wont to use Pensionsync. I am use Advance Payroll.

Does anyone know how i set this up, my payrun is due at the end of the month.

Thanks!

Solved
Best answer April 28, 2020

Accepted Solutions
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Moderator

First Payrun in QBO - Pensions

Hello there, BarryS2. 

 

I appreciate for naming the payroll plan you're using. It's a big help for me to provide you the accurate answer to your question.

 

The Smart Pension is one of the providers for the Pensionsync. I can see that you don't want to use it in QuickBooks Online. We can select the Add pension scheme manually in the pension settings. It's how we set up the data from the third-party app we are using at the moment.

 

To guide you further in this process, you can follow the steps below. Here's how:

 

  1. Log in to your QBO account.
  2. Go to the Gear icon at the upper-right corner.
  3. Select Payroll Settings under Your Company.
  4. One left side, select the Pension settings.
  5. In the Pension Schemes, click the Add pension scheme manually button. It'll be then configured to your QuickBooks account.

yu.PNG

 

In regards to the last part of your employee's set up, the Assessment method should be set as Automatically if the employee is eligible.

 

Also, there are a few articles that you may want to visit and explore to get additional information about the Pensionsync:

 

 

If you need further assistance in the process of setting your employees or any payroll-related question, please tap my shoulder anytime. It'd be my pleasure to make sure that all set. I hope you're good. Take care!

View solution in original post

2 REPLIES 2
Highlighted
Moderator

First Payrun in QBO - Pensions

Hello there, BarryS2. 

 

I appreciate for naming the payroll plan you're using. It's a big help for me to provide you the accurate answer to your question.

 

The Smart Pension is one of the providers for the Pensionsync. I can see that you don't want to use it in QuickBooks Online. We can select the Add pension scheme manually in the pension settings. It's how we set up the data from the third-party app we are using at the moment.

 

To guide you further in this process, you can follow the steps below. Here's how:

 

  1. Log in to your QBO account.
  2. Go to the Gear icon at the upper-right corner.
  3. Select Payroll Settings under Your Company.
  4. One left side, select the Pension settings.
  5. In the Pension Schemes, click the Add pension scheme manually button. It'll be then configured to your QuickBooks account.

yu.PNG

 

In regards to the last part of your employee's set up, the Assessment method should be set as Automatically if the employee is eligible.

 

Also, there are a few articles that you may want to visit and explore to get additional information about the Pensionsync:

 

 

If you need further assistance in the process of setting your employees or any payroll-related question, please tap my shoulder anytime. It'd be my pleasure to make sure that all set. I hope you're good. Take care!

View solution in original post

Highlighted
Level 2

First Payrun in QBO - Pensions

Hi SarahannC,

 

Thank you for your quick response, Excellent step by step guide, once i set the scheme up i added each employee to it one by one in their pension settings, i am now up and running!

 

Many thanks!