Hi,

I do a journal entry for payroll (we use Paychex) and I'm not sure that the retirement deferral is being entered correctly.  It's been done this way for years, before I started here, but it seems odd to me that the deferred amount shows up as a negative under expenses when I run the P&L.  I've attached a screenshot of how I was told to do the journal entries for payroll.  Any help would be most appreciated.