How do we reverse 401k account set up for employer and employee contributions in QB to make it void?
401k account was setup in QB in 2018 to make employer and employee contributions. The employee share was deducted from the paycheck while processing direct deposit of the payroll and company contributions were also being shown. Quarterly payroll returns were also filed showing employee deductions. However, the client never opened 401k account with the bank. How do we reverse this in Qb desktop and in quarterly payroll returns?