I am an S-Corp and the only full time employee. I am setting up a Sep-IRA and need to figure out how to set it up in QBO. After 15 minutes of hold, the support guy did not know how to answer my question and while he was researching, the call got dropped.
My research show there is no way to list it as a retirement account in QBO. They list Simeple IRA and the the others, except Sep-IRA. They do list a SARSEP, but those seem to be obsolete. One post suggsts just creating an Expense called "Employee Expense" which is fine, but what category to put it under is a mystery.
I am sure someone has figured this out...Sep IRAs are very common in the small pusiness world. Help!