Entering Pension

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Churchlady
Churchlady Member ✭✭
edited April 2023 in Registers & Transactions (Windows)
I have a new situation. Our pastor is going to start making personal contributions into a pension program called Wespath.It will be deducted from her monthly check. Wespath will invoice us and we will send the withheld amount. What's the best way to handle this in Quicken. I've not handled a situation like this. Thanks in advance for the wisdom of the community!

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Direct the paycheck withholding to a PAYABLES Asset type account.

    Make the payment to Wespath from this account.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Churchlady
    Churchlady Member ✭✭
    Thank you!
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