cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 2

Pension - Employee contributions after opt out

I have three new employee's that have written to the pension provider to opt out.   I had already paid over April and I believe the pension company are going to repay this (employees say they are not convinced) but May Employees and Employers have been deducted but not paid over.   Is there a way I can give them this money back but recorded as Pension in payroll?

Thanks

Solved
Best answer June 17, 2020

Accepted Solutions
Highlighted
QuickBooks Team

Pension - Employee contributions after opt out

Hello Natasha33, 

 

In advanced payroll, you won't need to do a journal to show this, when you opt them out it will ask if you want to process a refund. 

 

 

View solution in original post

5 REPLIES 5
Highlighted
QuickBooks Team

Pension - Employee contributions after opt out

Hello, @Natasha33.

 

You can create a cheque or expense transaction to record employee reimbursement.

  1. Go to the + New icon.
  2. Select Cheque or Expense.
  3. From the Payee ▼ drop-down and find the name of your employee.
  4. Select the Category ▼ drop-down, then select a Pension liability account.
  5. Enter the amount you have to return to your employees.
  6. Click the Save and Close button.

You can read through this article for more detailed insights: Reimburse an employee.

 

Get back to us here if you have other questions. I'm always here to help.

Highlighted
Level 2

Pension - Employee contributions after opt out

Ah, I didn't think of that.  As it was a payroll deduction, I assumed I needed to go back through payroll...

Presumably other than journalling, there is no way for me to unrecord the Employers pension in payroll either...?

 

Thanks

Natasha

Highlighted
QuickBooks Team

Pension - Employee contributions after opt out

Hello Natasha33, 

 

Can we ask which payroll it is you are using in Quickbooks, is it Standard payroll or Advanced payroll?

Highlighted
Level 2

Pension - Employee contributions after opt out

sorry it is the advanced payroll

Highlighted
QuickBooks Team

Pension - Employee contributions after opt out

Hello Natasha33, 

 

In advanced payroll, you won't need to do a journal to show this, when you opt them out it will ask if you want to process a refund. 

 

 

View solution in original post