401k: Employees are reimbursed for their minor business expenses through ADP along with their payroll. How do I record the expenses portion?
It’s all One Entry for that paydate.
“What would a journal entry look like to record wages, taxes, 401K and reimbursement of employee expense(that hasn’t been recorded yet)?”
Gross Wages Debit Payroll labor expense
Employer Taxes Debit employer tax expense
401(k) Employer Match paid out Debit Employer Expense
Mileage Expense Debit
Automobile (What is this? A […]
Resolution for '401k issue: 'Employees are reimbursed for their minor business expenses through ADP along with their payroll. How do I record the expenses portion?' available: Yes.
The 401k issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the 401k issue yourself by looking for a resolution described in the article. If it is a complex 401k issue or you are unable to solve the issue, you may contact us by clicking here or by using other 401k support options.
For more information about resolving issues related to 401k in Quickbooks/QBO or to get support for the issue 'Employees are reimbursed for their minor business expenses through ADP along with their payroll. How do I record the expenses portion?', click the link below: