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G
GSR Management
December 18, 2023
Question

direct deposit paycheck quickbooks online

  • December 18, 2023
  • 1 reply
  • 0 views

Just realized that the last two paychecks issued did not have the correct employee 401k roth deduction taken out.  The deduction was set up with max of 22,500.00 which should have been 26,000.00 (should have been set up for 401k Roth catch up) the employee is over 50 years old.

Since the deduction gets taken out of the company automatically every paycheck that amount has been sent to Charles Scwab alreay. So essentially on the W2 it will show 22,500.00 taken out but 26,000.00 was deposited to the account. I would like to remedy this by canging paychecks. Can that be done in quickbooks online ?

I would appreciate all the help possible.

Thank you!

1 reply

MariaSoledadG
MariaSoledadG
December 18, 2023

Let me direct you to the right support so can help you fix this issue, 1231459966112169.

 

Generally, you may be able to edit a paycheck depending on your processing time and payroll service. Since these are processed paychecks, you'll have to reach out to our payroll support team so they'll be able to correct all the paychecks in question. To do so, follow the steps outlined below:

 

  1. Sign in to your QuickBooks Online company.
  2. Go to Help (?).
  3. Select Contact Us.
  4. Enter your concern, then select Let's talk.
  5. Choose a way to connect with us:
    • Start a chat with a support expert.
    • Get a callback from the next available expert.

 

Also, ensure you correctly set up a retirement plan deduction or a company contribution in QuickBooks Online Payroll to be able to track and tax it appropriately. Refer to this article for your guide: Set Up Or Change A Retirement Plan.

 

Furthermore, you may want to get a closer look at your business and employees. I've added these reports that you can use to view information: Run Payroll Reports.

 

Keep me posted if you have any questions about your deductions or paychecks. Remember, the Community is always here to help you anytime.

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