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Replying to:
MariaSoledadG
QuickBooks Team

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Hi rogor,

 

You'll want to create or write a check and use an expense and asset accounts for your SEP deduction. 

 

Here's how:

  1. Click Banking on the upper menu.
  2. Select Write Checks.
  3. Fill in the necessary information such as the bank account, name, date and amount.
  4. Under the Expenses tab, select an account and enter the amount.
  5. Click Save & Close.

However, I recommend reaching out to your accountant for other ways on how to record the deduction.

 

You'll want to check out this article for more information about setting up payroll items: Set Up A Payroll Item for Retirement Benefits (401(K), Simple IRA, etc.).

 

Feel free to let us know if you need further assistance. I'd be glad to help.

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