What category would Simple IRA contributions be considered?

This was posted by @DebSheenD last year.  Maybe it will help...

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Yes, there is a process on how we can add the simple IRA in QuickBooks.

A simple IRA or 401 (k) plan is a tax retirement account offered by the employer to their employee. It is a salary reduction contribution made to a retirement savings plan. The employee can get that fund after their retirement.

Here's how to set up 401(k)/ Simple IRA:
 

1. Log in to QuickBooks Desktop, click Employees and select Employee Center.
2. Double-click the employee.
3. Select the Payroll Info tab.
4. In the Additions, Deductions, and Company Contributions section, click under Item Name to add an item.
5. Then select add new.
6. Put a checkmark on the  Employee is covered by a qualified pension plan, if the employee participates in a 401(k), 403(b), 408(k)(6) SEP, or SIMPLE IRA plan.
7. Click OK.
   
   

You can contact our payroll support team, so we can help you how to set up the payroll items in QuickBooks.

I've also included these articles for additional help:

• Payroll items on paycheck are not calculating or are calculating incorrectly
• Set up and pay scheduled or custom (unscheduled) liabilities

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