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Laura0801
April 26, 2023
Question

How to allocate the pension payment from the bank?

  • April 26, 2023
  • 1 reply
  • 0 views

Morning all,

 

We have just moved to Quickbooks from Sage so am trying to adapt.

 

We use Scottish Widows for our pensions and the payment has just come out of the bank.

 

Can you tell me how to allocate this?  I have searched Pensions in the Chart of Accounts and I can see that 3 are set up:

 

Employee Pension Liability

Employer Pension Expense

Employer Pension Liability

1 reply

A
Ashleigh1
May 11, 2023

Hello Laura0801, thanks for posting on the Community page, we would advise that you reach out and speak to a trained and qualified accountant who will be able to help and advise the best and correct way to record this in your QuickBooks account. As we are not trained accountants just technical support here. 

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