Hey there, @mathieug872.
We're here to help you pay your Simple IRA plan in QuickBooks Desktop.
We have to manually create a check to pay the contribution for the Simple IRA plan and then send it to their financial institution. First, let's create a payroll schedule for Simple IRA to help you keep track of when they’re due.
Here's how:
- Go to the Employees menu, then Payroll Center.
- Select the Pay Liabilities tab.
- Under Other Activities, click Change or Manage Payment Methods.
- Select Benefit & Other Payments, then Schedule Payments.
- Under the Benefits and Other payments column, select the benefit or liability you want to set up a schedule for. Then select Edit.
- Select the Payee (Vendor).
- Enter the Account Number. Then select the Payment Frequency.
- Select Finish to close the window.
Then, follow these steps to pay a scheduled liability:
- Go to Employees, select Payroll Taxes & Liabilities, then select Pay Scheduled Liability.
- In the Pay Taxes & Other Liabilities window, select the tax or other liability you want to pay from the list. Then select View/Pay.
- Review the dates and the amounts due.
- Select Save and close.
If you need to create a custom payment, refer to this article for the detailed steps: Pay Your Non-Tax Liabilities.
I'm also adding these resources to determine which plan you want to set up for your employees and review its contribution limits:
Visit us again if you have other concerns about tax payments. We're here to help and are committed to providing you with the support you need. Have a great day!
