Hi,
I do a journal entry for payroll (we use Paychex) and I'm not sure that the retirement deferral is being entered correctly. It's been done this way for years, before I started here, but it seems odd to me that the deferred amount shows up as a negative under expenses when I run the P&L. I've attached a screenshot of how I was told to do the journal entries for payroll. Any help would be most appreciated.
