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My employee does not want to participate in the SIMPLE IRA, but he informed about it after the payroll was done. How can I adjust the company contribution in Quickbooks?

 
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Best answer April 20, 2020

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Community Champion

My employee does not want to participate in the SIMPLE IRA, but he informed about it after the payroll was done. How can I adjust the company contribution in Quickbooks?

Edit the check to change the deduction and contribution to Employee Advance repayment so that net check is same. Now issue an extra check for the Employee Advance 

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Highlighted
Community Champion

My employee does not want to participate in the SIMPLE IRA, but he informed about it after the payroll was done. How can I adjust the company contribution in Quickbooks?

Edit the check to change the deduction and contribution to Employee Advance repayment so that net check is same. Now issue an extra check for the Employee Advance 

View solution in original post

Highlighted
Level 2

My employee does not want to participate in the SIMPLE IRA, but he informed about it after the payroll was done. How can I adjust the company contribution in Quickbooks?

Thank you for your help John. 

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