how to set up SEP Ira in QB pro desktop payroll enhanced. Just start up

How to create a check to provider of SEP i.e. Edward Jons 

It's good to see you again, johnfilas.

Let me help create a check to your SEP IRA provider in QuickBooks Desktop.

After creating the employee's paycheck, QuickBooks allows you to record a check through the Pay Liabilities window. To do so, you can follow these steps:

1. Go to Employees and choose Payroll Center.
2. Select the Pay Liabilities tab.
3. In the Other Activities section, click on the Create Custom Payments link.
4. Set the date range and click on OK.
5. Mark to select the SEP IRA check and click on the Create button.
6. Then, you can either print the check or click on Save & Close.

For your visual reference, please see attached screenshots.

You can also check this article for more information: Set up and pay scheduled or custom (unscheduled) liabilities.

From there, you'll be able to create a check for the SEP IRA provider.

Please let me know how things go once you've tried these steps. I'll be here to keep helping. Take care.

Thank you for your help! All worked correctly until after hitting ok at step 6. The SEP IRA Employer does not show up in the window that pops up so I am unable to create the check. It does, however, show in the 'payroll items' window. What could be the cause of this and how do I fix it? 

Thanks for getting back to us, johnfilas.

I appreciate sharing the result of the solution provided by my colleague. Allow me to step in for a moment and help ensure you can create a liability check for the mentioned liability above.

Just to clarify, did you also select the SEP IRA Employer? While waiting for the details, you’ll have to mark the liabilities that need to be paid when creating custom payments.

To accomplish this, you'll have to open the Create Custom Payments screen again and mark the payroll item. You can follow the steps provided by @JaneD.

This way, the SEP IRA company contribution, and employer portion will show up on the liability check. I'm attaching screenshots for visual reference.

This information should help you move forward. Let me know what the results are after trying this on your end. I’ll be right here to assist further.

In step 7 i do not have SEP Ira Employer listed.so I can't create a check. I want to do only employer contribution for employee.

Hello again, johnfilas.

I can help clarify why you’re unable to see the SEP IRA Employer in the Custom Payments screen.

This can happen when the account used to track the payroll item is not a Payroll liability. You’ll have to review the setup and update the information to resolve this issue.  

Here’s how:

1. Click on the Lists menu bar, then select the Payroll Item List.
2. In the Item Name column, right-click your mouse beside SEP IRA Employer.
   
3. Select  Edit Payroll Item, and click on Next twice.
   
4. In the Agency for employee-paid liability window, go to the Liability account (employee-paid) section and check the account.
   
5. If it’s incorrect, click on the drop-down and change the existing account to Payroll liabilities.
6. Click on Next five times until you reach the Finish button.

After completing the process, you’ll see another window asking how you want QuickBooks to update the transactions. Make sure to read the options and select the correct one.

With these steps, you should now see the deduction item and will be able to create a liability check.

Keep me posted on how these troubleshooting steps work for you. I want to make sure everything is taken care of and you're all set with this concern.

Hi,

Thanks again for the reply. I've followed all steps listed and I'm still having the same problem. I've described/illustrated the steps I went through below. 

1. I set up the SEP IRA in the payroll items.

2. These are the steps I followed for setup. 

3. When I try to create a check from payroll liabilities, the SEP IRA does not show up so the check can't be created.

Is there a misstep on my part? Is there anything else I can do to fix this?

Thanks!