Payroll set-up for NYS Retirement contributions

Hello, @dpierro.

Let me walk you through how to set up Payroll set-up for NYS Retirement contributions.

You'll need to add a new payroll item then we can set up a retirement plan and here's how:

1. Go to List and select Payroll Item List.
2. Click Payroll Item, then hit New.
3. Hit Custom set up, then click Next.
4. Select Contribution, then Next.
5. Enter the name as follows up on your Statement Retirement Plan report: USPS states abbreviation+ SAV (ex: NYSAV, TXSAV)
6. Then Next
7. Choose or enter the agency for your retirement plan, enter your account number, and choose a liability account for tracking(optional). Then select Next.
8. Select Next on the next 4 windows (don't change anything).
9. Then select Finish, then OK.

You can also check the following article for more information about different state-mandated retirement programs: Set up state-mandated retirement plans in QuickBooks Payroll. I'll show you how to choose a traditional retirement plan or the plans offered by your state. 

If you have further questions about your retirement plans, you can comment below and we'll respond to you as soon as possible.