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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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Replying to:
Maybelle_S
QuickBooks Team

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Let me share some details about setting up a Simple IRA in QuickBooks Online (QBO), drbarnhoorn.

 

In QBO, when you hold the position of a company owner, there's no need to establish a Simple IRA through the payroll system. Instead, you can manually generate a check for the Simple IRA account.

 

Here's how:

 

  1. Go to the +New button.
  2. Under Vendors, select Check.
  3. Enter the information needed in the window.
  4. Hit Save and close.

 

I've included the following articles for your reference in managing retirement plans in QuickBooks Online: 

 

 

The Community is open 24/7, so you're never alone in your journey to effectively manage payroll and vendor transactions. Have a good one!

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