Yearly income report shows total gross wages paid for the year, but "Salary & Wages" line item shows net amount from only few paychecks. Why is that?

Hi, michaelyoung. Let me help with your question about correcting payroll transactions.

We'll have to correct your current payroll preferences so your payment will flow to the correct payroll account. The Accounting preferences have options to choose specific accounts for each payroll item to apply to. To do this, consider following the steps below.

1. Select the Gear icon at the top, then Payroll Settings.
2. Click Accounting Preferences. Choose your desired account name from your Chart of Accounts from the drop-down.
3. Hit OK after choosing all your desired accounts.
4. You will receive a confirmation screen that your accounting preferences have been updated.

Please know that any changes to your settings may affect future transactions. For more additional information, we can check this article: Set up Payroll account preferences.

Once done, we'll need to delete and recreate the incorrect payroll transactions. If we don't have the option to delete it, I recommend contacting our Support team so they can assist you with the process to ensure that your created paychecks will be corrected.

Moving forward, once the transactions and affected accounts are corrected, the reports will do the same.

If you'll want to run a payroll-related report to have a quick review of the transactions that you've created so far. Use this article as a guide: Run payroll reports.

Let me know if we need further assistance with correcting your paychecks in QuickBooks. I'm always here to help. Have a good one.