cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

How do I set up paying our companys 3% Simple IRA match to pay out monthly and not one big payment at the end of the year?

 
1 Comment
Highlighted
QuickBooks Team

How do I set up paying our companys 3% Simple IRA match to pay out monthly and not one big payment at the end of the year?

Thanks for posting your question here, joe86. 

 

Once you setup your Simple IRA  payroll item, it'll automatically set up your accounts for you. 

 

Below, are the steps to set up your benefits using the EZ Setup in QuickBooks Desktop: 

  1. Hover over Lists and select Payroll Item List in the top menu. 
  2. In the lower-left of the Payroll Item List, choose Payroll Item
  3. Click on New and then go to EZ Setup
  4. Pick Next and follow the instructions. 
  5. Once you've created that payroll item, edit the payroll item to make sure all necessary vendor information has been entered. 

For more detailed instructions with setting up a payroll item in QuickBooks Desktop, you can refer back to this article: Set up a payroll item for retirement benefits (401(K), Simple IRA, etc.)

 

Let me know if the steps above do the trick. If you have any more questions, I'm always here to help. 

Need to get in touch?

Contact us