Hi there, @2morses.

Let me add some info about the Simplified Employee Pension Individual Retirement Arrangement (SEP-IRA) in QuickBooks Online (QBO).

Under the IRS guidelines, SEP-IRA plans don't need to be reported on the employee's W-2. However, their W-2 must have box 13 for retirement plans checked. To have this done, please contact our QBO Support Team before the end of the current year in the 4th quarter.

You can refer to this article for more info about retirement plan deductions and contributions in QBO. It contains the steps on how to set it up, etc.: Things to learn about retirement plan deductions and contributions in QBO.

Also, currently, QBO doesn't support SEP-IRA contributions. What you can do for now is to create an expense check and ensure to record the payments under "Other Current Liability" in your chart of accounts. However, you'll have to consult with your accountant or a tax expert for the best advice on how to record this properly.

To create an account under the Chart of Accounts, here's how:

1. Go to the Accounting menu, and then click New under the Chart of the Accounts tab.
2. Choose Other Current Liabilities as the Account Type, and then pick Other Current Liabilities as the Detail Type.
3. Type in the Specific Name and Description for the account.
4. Click Save and Close to confirm the actions made.

Once done, create an expense transaction for the SEP-IRA contribution. I'll guide you how:

1. Go to the Expenses menu, and then click New Transaction.
2. Choose Expense, and then choose to whom would you like to send the contribution(payments).
3. Under the Account Details, look for the account you've created.
4. Enter the rest of the expense details, and then click Save and New or Save and Close.

At the end of the year, you'll just have to open the Transaction Detail by Account report. Then, filter it to show only All the Current Liabilities Account. This way, you'll see all the SEP-IRA contributions you've recorded.

You'll also want to learn on how to make payroll tax payments in QBO. This is to prevent penalties due to late payments. For more details, please refer to this article: How to make payroll tax payments.

Fill me in if you have more questions about managing your SEP-IRA plans in QBO. I'd be glad to help you some more. Take care and stay safe.