COLORADO SECURE SAVINGS

Thanks for getting in touch with the Community, angelarenee31.
 

Once a name for payroll items associated with Colorado Secure Savings retirement plans is publicized, step 3 (Set up and track your retirement plan in QuickBooks) will be updated to reflect the appropriate information.
 

I've included a link to that article which may come in handy moving forward: Set up state-mandated retirement plans
 

I'll be here to help if there's any additional questions. Have an awesome day!

This is STILL NOT set up in Quickbooks desktop and we are in July. It was supposed to be mid May, Need some answers on this!

Hello there, @angelarenee31. Let me provide an update about Colorado Secure Savings.

I'll make certain that you can set up your CalSavers in Quickbooks Desktop.

The following states mandate that employers either offer a traditional or enroll in a state-sponsored retirement program. Once you've selected your retirement plan, we can now set up the payroll items.

First, add a new payroll item. Here's how:

1. Go to Lists and select Payroll Item List.
2. Select Payroll Item, and tick New.
3. Choose Custom setup, and click Next.
4. Select Deduction, then Next.
5. Enter the name as follows so this shows up on your state-mandated report:
   
   
    
6. Click Next.
7. Choose or enter the agency for your retirement plan, enter your account number, and choose a liability account for tracking (optional). Then select Next.
8. Tick Next on the next four windows (please don’t change anything).
9. Then select Finish, then OK.

From there, add the retirement item to your employees. I'll show you how:

1. Select Employees, then Employee Center.
2. Open your first employee and select Payroll Info.
3. Click the drop-down in the item name column from Additions, Deductions and Company Contribution.
4. Select your retirement item, and enter an amount or percentage.
5. Select OK.
6. Repeat steps 2–7 for each employee participating in the plan.

However, it's best to seek professional advice from your accountant to ensure the accuracy of your accounts.

For the detailed step-by-step process of setting up CalSavers, please check out this guide: Set up state-mandated retirement plans in QuickBooks Payroll.

In the same manner, I've got you this relevant article so you can keep up with the latest payroll updates mandated by your local agency: Colorado Payroll Tax Compliance.

If you have any further questions about managing your payroll in QBDT, you can always count on me to assist you. Keep safe, and have a good one!