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January 26, 2022
Question

Employee benefits

  • January 26, 2022
  • 1 reply
  • 0 views

Can I set up direct deposit through Quickbooks Online for monthly retirement and insurance benefits paid to an employee?

1 reply

MariaSoledadG
January 26, 2022

Allow me to share a few information about retirement and insurance benefits, pmcbride.

 

For now, you're unable to use direct deposit for your employees' monthly retirement and insurance benefits. Intuit payroll services don't send employee withdrawn funds or company contributions to retirement plan provider. This is because the entire contribution should be paid and reported separately. You may want to send them outside our payroll services. 

 

Please check this article for more information: Retirement Plan Deductions and Contributions. Furthermore, you may want to view useful information about your business and employees, consider reading this article for your guide: Run Payroll Reports

 

Feel free to let us know if you need anything else about employee benefits. We'll always be right here to help you.