Level 1

Employees and payroll

With a SEP IRA, both the employer and the employee can make contributions.  Your response makes perfect sense for the employees, but not for the employer.  For those of us who are both, that is the real benefit of this type of retirement plan.

 

I think most of us are asking the same question but don't get teh answer we need. 

 

For the EMPLOYER contributions, how do we track in QBO?  There is no retire plan listed as SEP IRA.  If we simply write a check to the account manager, how do we record that check in our register (specifically, what category do we use)?

 

Thanks.