How to Set up 401k Loan Payments In Quickbooks Online

NOTE: This guide is built based on customer experience &  gathered knowledge, not direct data from QuickBooks payroll.  Screenshots or procedures may differ from what you see in your account 

Adding Deduction Codes

1. Log into Quickbooks
2. Navigate to the employee's profile
3. At the bottom of the page click edit in the Deductions and Contributions section
4. Select Add deduction/contribution
5. Select Other Deductions
6. Select Type Loan Payment
7. Label it with the name 401k Loan Payment
8. Add the dollar amount needed for the payment, or if this is a code being built for future use, assign it using a placeholder amount of $1
9. Save! If this was a future use code, you can then delete it from the employees profile to avoid future calculations
   
   Please repeat this process for as many loan payments are needed/allowed per your 401k plan

For any further assistance, please submit a help desk ticket here and we will get back to you as soon as possible.