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diana-specialsys
Level 1

Does Quickbooks Online offer 360° Payroll Integration regarding a 401k program and submitting reports to our 401k provider OR is it something I have to do manually?

 
1 Comment 1
James_AL
QuickBooks Team

Does Quickbooks Online offer 360° Payroll Integration regarding a 401k program and submitting reports to our 401k provider OR is it something I have to do manually?

Thank you for sharing your inquiry in the Community, Diana. I'm willing to help provide information about the 360 Payroll integration 401K program in QuickBooks Online.

 

When integrating the 360° payroll for the 401k program, I suggest contacting the 360 support team. This way, we can ensure it connects with QuickBooks Online (QBO).

 

Regarding setting up the 401k in QuickBooks Online Payroll (QBOP), you can manually set up the 401k payroll item to track the accumulated amounts in the system. After this, you will need to submit the amount to the state agency, or you can use the electronic payment provided by your 401k provider. Additionally, you will record this as a check in QuickBooks and use the assigned 401k account from the 401k payroll item in the "Category details" section to offset the accumulated amount..

 

In addition, you can use the payroll reporting features in QuickBooks. These reports enable you to manage payroll taxes, deductions, and contributions and easily monitor employee expenses.

 

If you have anything else you need help with managing retirement plans, please let me know by adding a comment below. I'm here to assist you and address any concerns you may have. Take care!

 

 

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