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Jan 21, 2024 3:04 PM UTC
Question

Does Quickbooks send employee contributions to simple IRA provider?

I have the employee deductions and employer contributions set up in QB but will QB send the deducted funds to the Simple IRA issuer? I have a salary reduction agreement that I was told to submit to my payroll provider but I don't see anywhere in QB to upload these forms or even set this up. 

1 reply

Jan 21, 2024 5:13 PM UTC

Hello there, @joel3.

 

I'm here to share more details about your concern.QuickBooks is unable to send employee contributions to plan providers. You'll need to manually submit the contribution to the HSA and Simple IRA providers.

 

You may check out these articles for details:

 

 

Please don't hesitate to leave a comment below if you have additional questions about paying deductions and contributions. It's always my pleasure to help you.