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How to record 401k Fees and 401k ACH Contributions
What account and tax form selection should I use for Quarterly 401k Administration Fees? Assume that's an expense I can put under "Payroll" as 401k fees? Also, what account would the ACH to fund the 401k fall under? Example, deducted separately from my payroll, the money is directly deducted from my bank account by the 401k company the funds for my employees 401k contributions. Twice a month deductions run through payroll, but my payroll company does not deduct the money as part of their service, the 401k company does directly from my bank account.
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