Hi,

I've got 3 employees and have just started offering 401Ks through QBs payroll and their partner, Guideline. We are not yet matching contributions. The first deductions were made from paychecks in the last payroll run. All good. I've just downloaded a bank transaction representing a payment of the employee 401K contributions to Guideline. I'm confused as to how to categorize it in QBs? Is it assigned to one of the payroll liability accounts?

Appreciate any help here...

THX

P