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Join nowSo we have an employee that has a Roth 403b that we pay for them automatically monthly. How do I set that that up in QuickBooks as NOT a deduction from their paycheck and yet as part of the employee's salary allowance? Also want it to show the YTD on each paystub.
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I'm here to help with your Roth 403b question, @spcc.
You can create a zero net paycheck to contribute to the retirement plan without creating a deduction. It's super easy and takes only a few moments. Check it out:
If there are NOT enough wages to cover the full Retirement Contribution, and the employee is contributing the amount with personal/outside money:
I also recommend checking out the IRS' FAQ on Designated Roth Accounts for more information on how to remain compliant with the rules and regulations.
That's it! Please let me know if there's anything else I can do to be of assistance. Cheers to a safe and productive week ahead!
I'm here to help with your Roth 403b question, @spcc.
You can create a zero net paycheck to contribute to the retirement plan without creating a deduction. It's super easy and takes only a few moments. Check it out:
If there are NOT enough wages to cover the full Retirement Contribution, and the employee is contributing the amount with personal/outside money:
I also recommend checking out the IRS' FAQ on Designated Roth Accounts for more information on how to remain compliant with the rules and regulations.
That's it! Please let me know if there's anything else I can do to be of assistance. Cheers to a safe and productive week ahead!
How do I set up the contribution amount without having to do a zero net paycheck every month
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