Submitted Questions

  • 401k Journal entries

    anybody can let me know the journal entries for401k? like it affects the BS or income statement?

    Bobby

    • Sep 17th, 2022

    Hi, I have questions about 401k loan account. I see $ 19.75 in COA 401k account. I believed I paid short of $19.75 or overpaid so how do I make journal entry for this amount.

    Teri

    • Mar 9th, 2017

    For Trinet you will need to run your 401k report first then subtract the employer contribution from each department on your cost center expense ( if you have departments). TriNet adds that employer 4...