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Great to see you here, @abrannon13,
Welcome and thanks for checking this with us today. I can share some insights on how to add your Simple IRA Company Match in the Payroll Liabilities window.
Before anything else, let's make sure your payroll item is using the correct liability account. Please follow the steps below:
- Go to the Lists menu then select Payroll Item List.
- Double-click the Company Contribution payroll item.
- Click Next.
- In the Liability account, select the same liability account you're using for your scheduled liabilities.
- Choose the correct expense account from the Expense account drop-down list, and click Next.
- In the Tax Tracking Type window, pick the tax tracking-type classification that matches your plan-type and click Next three times.
- Click Finish.
Once done, let's open the Payroll Setup and see if the company contribution has the correct schedule. Here's how:
- Go to the Employees menu.
- Choose Payroll Taxes and Liabilities.
- Click on Edit Payment Due Dates / Methods.
- In the QuickBooks Payroll Setup screen, click Benefit & Other Payments then Schedule Payments.
- Click to highlight the Simple IRA contribution tax item you want to update.
- Tap the Edit button.
- Choose your Payment frequency.
- Click Finish.
That should rectify the issue, @abrannon13. I've attached here a related article to guide you with the process: https://community.intuit.com/articles/1763392
Please update me on how it goes. I'm here if you need further assistance with QuickBooks Payroll. Have a great day!
Hello abrannon13,
Thank you for posting here in the Community. It would be my pleasure to help figure out why it's not showing on the Pay Liabilities section in QuickBooks Desktop.
There are several possible reasons why your Simple IRA liability isn't populating in the QuickBooks system. Since you've already tried checking the liability account and the payment frequency, you can perform some additional troubleshooting.
You can start by making sure the Simple IRA payroll item is reflecting on your employee paychecks from the first quarter. I also recommend checking the Payroll Liability Balances report for any overpayments showing as a negative amount.
Here's how to run the report:
- Click the Reports tab at the top menu bar.
- Select Employees & Payroll.
- Click Payroll Liability Balances.
If it's not showing on the paychecks, what you can do is perform some adjustment on your payroll liabilities. For the detailed steps, I'm adding the article I recommend on this:
Please be sure to let me know how this goes, and I'll be more than happy to guide with correcting the liabilities. The Community is always ready to assist you.
