How to setup and record a SEP IRA contribution from LLC in QBO

I need help setting up a SEP IRA account and to record the contributions (debits from the bank account) made by the LLC in QBO. Since I do not use the payroll feature, this won't be a payroll transaction. I need guidance on how to set up the SEP IRA account and how to properly record the transactions. Should the SEP IRA be classified as a liability or an equity account? Are the contributions recorded on the Profit & Loss statement? To clarify, the company owners have both opened SEP IRA account and used the business account to make the contributions (funding).