Following the above, I'm going to create an Expense account "PSP Contributions". But I think I need to use it in combination with a liability account because I want to accrue the amount based on 25% of my compensation, up to the IRS Max. Now that we're in November 2024, I know what my total amount will be. But I won't be able to fully fund it due to cash flow until Q1 of 2025. I already made a partial contribution. So I think there's going to be some Journal Entry gymnastics I need to do. Guidance appreciated.
