From the article: A 401k deduction reduces wages for federal income tax and most state income tax withholding.
It impacts very few other taxes. When you set up a 401k item you can see the default tax-ability on the tax slide. CA-Disability Employee is not selected, which means the deduction does not impact the tax. If you select that tax, you’ve given a warning, stating it’s probably wrong. Which it is. …and more
The Condense Data utility
From the article: The Condense Data utility stream lines your company data file by condensing closed transactions into summary journal entries and removing unused list elements. The utility can create a journal entry for each month in the selected period. The summary journal entries affect your accounts in exactly the same way as did the detail transactions. … and more