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Nancy007
Level 1

Can you help? I want to correct employer contributions to a retirement plan. It was supposed to be $ amount match, but it had % match. How do I edit that?

 
1 Comment 1
JaneD
Moderator

Can you help? I want to correct employer contributions to a retirement plan. It was supposed to be $ amount match, but it had % match. How do I edit that?

Hi Nancy007,

 

You can edit the retirement payroll item from percentage to its fixed amount. I'll guide you how.

 

  1. Go to Workers and choose the Employees tab.
  2. Locate and click on the employee's name.
  3. Click on edit pencil icon in the Pay section.
  4. In the Does (employee's name) have any deductions? (Examples: retirement, health care) section, click on the pencil icon next to the retirement item.
  5. Go to the Company-paid contribution section and select $ amount under Amount per pay period.
  6. Enter the fix amount.
  7. Click on OK once you're done.

If you've already created a paycheck, I suggest deleting and recreating it for the retirement to calculate correctly.

 

Otherwise, reach out to our QuickBooks Payroll Support Team if the paycheck was processed through direct deposit. They have the tools that can help you create a payroll adjustment in QuickBooks Online (QBO).

 

  1. Go to Help and click on Contact us.
  2. Enter your concern in the What can we help you with? field.
  3. Click on Let's talk.
  4. Choose either Chat or Talk to a specialist.

Please leave a comment below if you have further questions. Have a good day.

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