The company contribution portion of my 401k is being recorded twice as a liability and an expense. How do I fix the liability portion?
We have employee contributions that are correctly going to a liability account. The company contributions are also going to the same liability account, however, they are also being expensed as employer contributions. How do I fix this and move the company portion over to the expense side. I can not see what account to offset because it takes me directly to the paycheck.