Hello, kayleep.
I'm here to help you reimburse your employee for the IRA deductions and adjust your liabilities.
First, you'll want to reimburse the employee by creating a reimbursement payroll item. Here's how:
- Go to the Lists menu, then select Payroll Item List.
- Click Payroll Item, then choose New.
- Select the Custom Setup option button, then proceed with Next.
- Select the Addition item type, then Next.
- Set a name for the addition such as "IRA Reimbursement", then proceed with Next.
- Set an expense account.
- Select None for the Tax Tracking type.
- Complete the rest of the settings for the new reimbursement item.
Next, you'll want to add this payroll item on the employee's next paycheck:
This article is a good reference about the steps above: Create a non-taxable reimbursement payroll item.
Then, you can cancel out the company contribution by creating an adjustment for the Simple IRA. I recommend checking this article for the steps: Adjust payroll liabilities in QuickBooks Desktop.
After adjusting the deductions, this won't show up in your due liabilities.
Ready to pay your employee or perhaps do you need to run payroll reports? Our help articles can guide you through the processes.
I'd be glad to work with you again if you have concerns with the payroll module. Also, I'd be glad to help you out if you have questions for QuickBooks Desktop's processes.