What is the process of recording 401k payment in quickbook online?

What is the process of recording 401k payment in quickbook online?

Today we will tell you How do I record an employer end of year contribution to a solo 401K in Quickbooks online & Desktop.

1. First you open Quickbooks Account.

2. After this you select the Gear icon from the Left Menu and then select the Payroll Settings option.

3. Then under Payroll, select the option of Deductions / Contributions.

4. Now you can get a New Deduction/Contribution. Select Add Option.

5. After this, for the category, select Retirement Plans.

6. For Type, select the applicable Retirement Plans option.

7. After this you enter the name of the Provider or Plan.

8. And then select OK in Last.