Learn how to set up OregonSaves (OR Mandated Retirement Plan) in QuickBooks Desktop with the steps provided below.

Create a Misc Deduction item:

  1. Add a new payroll item.
    1. From the Lists menu, select Payroll Item List.
    2. Select the Payroll Item button, and select New.
    3. If you're using a US version of QuickBooks Desktop, select the EZ Setup option button, and then select Next.
    4. Select Miscellaneous deduction under Deductions and select Next till finished.

  2. Edit the Payroll item to have the correct name.
    1. Go to Lists > Payroll Item List then choose the Miscellaneous deduction just created (double click to edit).
    2. Change the name of the payroll item to OreSav.
      Note: This needs to be named exactly OreSav.
    3. Select a liability account to track to Chart of Accounts.
    4. Set the Tax Tracking type to None, so that the amounts do not report on tax forms, then select Next.
    5. Select the Neither checkbox, select Next.
    6. Choose to calculate on gross pay, then select Next.
    7. Select Finish.
  3. Add the item to the employee's record.
    1. From the Employees menu on top, choose Employee Center.
    2. Double-click the employee's name.
    3. Go to Payroll Info tab.
    4. Add the item from the drop-down list under Additions, Deductions, and Company Contributions.
    5. Update amount per paycheck employee is having deducted.
  4. Run payroll business as usual.
  5. Run report. Go to Reports > Employees & Payroll > State Mandated Retirement.