Hello, jennmartino .
Let me share some information about setting up 401k in QuickBooks Online.
You can enter it manually in QuickBooks. By entering journal entries you can track those 401k payments and keep your data in one account.
Here's to enter Journal Entry:
First, you need to create an account in the chart of accounts. By following steps to create a new account.
After creating an account and paying your employees outside QuickBooks, create a journal entry.
- Click +New.
- Select Journal entry.
- Under the Journal date, enter the paycheck date.
- If you want to track the paycheck number, enter it in the Journal no. field.
- Click Save and Close.
For future reference, read through this article to learn more about how to customize a report. To view and track your journal entries.
You can keep track of these journal entries from the reports tab. For future reference, read through this article to learn more about reports and how to customize them.
Let me know if you have additional questions with managing 401k. I'm one post away.
