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admin1776
Level 1

pay payroll deduction ie 401k emp

how to set payment of  payroll deduction ie 401k emp?

1 Comment 1
JasroV
QuickBooks Team

pay payroll deduction ie 401k emp

Good day to you, @admin1776.

 

You'll need to add a 401k payroll item to your employees' payroll information. This way, the deduction will automatically deduct to their payroll. Let me show you how.

 

  1. Go to the Employees menu, select Employee Center.
  2. Double-click the employee to open the Edit Employee window.
  3. Click the Payroll Info tab.
  4. In the Additions, Deductions and Company Contributions section, select the Item Name to bring up the drop-down list.
  5. Select the new payroll item(s) for the retirement plan(s) 401(k).
  6. Check the box for Employee is covered by a qualified pension plan, then click OK.

 

You can also check this link for more details about the process: Set up a payroll item for retirement benefits (401(K), Simple IRA, etc.).

Once done, you can now seamlessly process your employees' payroll. In case you want your employees to view their paychecks online, you can refer to the steps outlined in this article: Invite your employees to QuickBooks Workforce to see pay stubs, W-2s and more.

 

You can always get back to me whenever you need help with your payroll and QuickBooks. It's always my pleasure to assist you. Have a good one!

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