We're starting a simple IRA plan for our small office. According to QB instructions, I am to set up 2 payroll items: one for employee deduction, one for company match (including corresponding expense account). Which I did.
To create the liability check to pay the retirement plan administrator, if I click both liability accounts to affect, if I try to offset on the expense tab of the check, it multiplies the amount of the check.
Can someone tell me how to do this properly? I've tried searching Intuit Learn & Support, which gives me the same info. My CPA tells me I may not have needed to create a "company match" payroll item and simply expensed the company portion. If that's the case, can I go into each paycheck I just issued and delete the company match line?
Google has been where I was able to get the most of my help--hoping to get some clarification in this Community. Thanks.
