Do anyone know where the Roth contribution go if you didn't set up an account for it?

Hi there, antwo.

I can share information about managing Roth Contributions in QuickBooks Online (QBO).

QuickBooks serves to record all the financial transactions of your business. Thus, if you paid Roth Contribution which is done outside the application, you can’t enter this into QuickBooks without assigning an account.

In other words, these transactions can nowhere to be found in QuickBooks if not added or assigned to an account. Moreover, to keep your records accurate, you’ll want to set up an account first to track this contribution within the app:

1. Go to the Accounting menu and select Chart of Accounts.
2. Click the New button to create one.
3. Then, select an Account Type if you are unsure, you can consult your accountant to guide you to what account this transaction should be categorized.
4. Enter the additional details you may have such as the Account Name, and Description. Then, select Save.

I've also included articles to assist you in using QuickBooks to manage payroll deductions and contributions: Set up a retirement plan.

If you have any other queries regarding adding payroll contributions in QuickBooks Online, please return feel free to this post. I'll be here again to help you.