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vivlund
Level 2

Updated values for insurance payments and retirement contributions not populating paychecks

Hello, I use QB Desktop payroll. I updated several values for medical insurance and SEP IRA for the new year using the payroll setup. When I check the values under "Payroll Items", they are all correct for all items that have changed. But when I create the paychecks, last year's values are still populated in the paycheck. I have installed the latest payroll update.  Thanks for any help!

Solved
Best answer January 03, 2023

Best Answers
Mark_R
Moderator

Updated values for insurance payments and retirement contributions not populating paychecks

I appreciate your time and effort in installing the latest payroll update to fix the incorrect calculation of payroll items in the paycheck, @vivlund.

 

I want to ensure the values of the insurance payments and retirement contributions populate correctly in your paycheck.

 

One of the possible reasons why the updated values of your payroll items aren't populating correctly on the paycheck is that the amount entered on your employee's profile for that specific payroll item is different. You'll want to review the amount of the payroll item showing on your employee's profile. Here's how:

 

  1. Go to the Employees menu, then select Employee Center.
  2. Select the employee that has insurance payments and retirement contributions.
  3. Go to the Payroll Info tab.
  4. In the Additions, Deductions, and Company Contributions section, review the amount of each payroll item. 

 

If they aren't the same, update the amount and rerun your payroll. However, if the amounts are the same, you can revert the paycheck to calculate the correct values.

 

You may also want to read this article: QuickBooks Desktop calculates wages and/or payroll taxes incorrectly. This will help you determine the source of payroll tax calculation errors and provide steps on how to fix these errors.

 

Come back to this post and let me know how it goes, @vivlund. I want to make sure you're taken care of.

View solution in original post

4 Comments 4
Mark_R
Moderator

Updated values for insurance payments and retirement contributions not populating paychecks

I appreciate your time and effort in installing the latest payroll update to fix the incorrect calculation of payroll items in the paycheck, @vivlund.

 

I want to ensure the values of the insurance payments and retirement contributions populate correctly in your paycheck.

 

One of the possible reasons why the updated values of your payroll items aren't populating correctly on the paycheck is that the amount entered on your employee's profile for that specific payroll item is different. You'll want to review the amount of the payroll item showing on your employee's profile. Here's how:

 

  1. Go to the Employees menu, then select Employee Center.
  2. Select the employee that has insurance payments and retirement contributions.
  3. Go to the Payroll Info tab.
  4. In the Additions, Deductions, and Company Contributions section, review the amount of each payroll item. 

 

If they aren't the same, update the amount and rerun your payroll. However, if the amounts are the same, you can revert the paycheck to calculate the correct values.

 

You may also want to read this article: QuickBooks Desktop calculates wages and/or payroll taxes incorrectly. This will help you determine the source of payroll tax calculation errors and provide steps on how to fix these errors.

 

Come back to this post and let me know how it goes, @vivlund. I want to make sure you're taken care of.

vivlund
Level 2

Updated values for insurance payments and retirement contributions not populating paychecks

Thank you much for your help. After following the instructions and getting to step 4, the values were not the same in the Additions, Deductions, and Company Contributions section on the payroll info tab. I changed the values there, and now the values are populating correctly when I run payroll. 

vivlund
Level 2

Updated values for insurance payments and retirement contributions not populating paychecks

Thank you, Mark! I followed the steps, and when I got to step 4, the values were different for that employee.  I updated those values and now the paychecks populate correctly.  

Rubielyn_J
QuickBooks Team

Updated values for insurance payments and retirement contributions not populating paychecks

It's a pleasure to have you here again, @vivlund.

 

I’m glad that my colleague Mark_R was able to help with your concern with insurance payments and retirement contributions.

 

Please know that you’re always welcome to post in the Community space for any QuickBooks concerns you may have.

 

If you need tips and resources to manage your QuickBooks Online account and finances, feel free to visit our Support page to learn more. This provides information to help your navigation experience be more effective.

 

Let us know if you have other concerns with Undeposited funds in QuickBooks. We'll be happy to lend a helping hand. Stay safe!

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