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July 1, 2022
Question

Can I edit the bank ledger to the correct account

  • July 1, 2022
  • 1 reply
  • 0 views
We have 2 separate payroll accounts. One active & 1 inactive. Unfortunately when I ran payroll, I did not switch this over to the correct account, so the payroll checks are all entered  on the wrong bank register. How do I correct this?

1 reply

July 1, 2022

I'll walk you through updating this information in QuickBooks right away,Kristie6040.

 

You can change the bank account that was set up in your QuickBooks Online Payroll account. Let me guide you how:

 

  1. Click the Gear icon, then select Payroll Settings.
  2. Select Company under Bank Accounts.
  3. In the Connect your Bank account page, select Update.
  4. Select Connect using your routing and account numbers to enter new bank account information.
  5. Enter your new bank account information, then select Submit.
  6. Review the info about verifying your bank account, and select OK, got it.

Within 2-3 business days, we'll verify your new account with a test transaction. After you see the cleared test transaction in your bank statement, open QuickBooks Online and sign in. Then, follow these steps:

 

  1. From the left menu, select Workers (or Payroll) and click Overview.
  2. In the TO DO list, find the Check your bank account item select Edit.
  3. Click Verify Amount.
  4. Enter the amount of the test transaction (no decimals) in the Debit amount field and re-enter it in the Confirm debit amount field.
  5. Select Verify.

 

Now that your bank account is verified and ready to use with your payroll service, the last step is to change your bank account in your accounting preferences. This will ensure your payroll transactions and tax payments post to the correct account in your books. For more info, please refer to this article: How to Change Bank Account in your Accounting Preferences.

 

Also, I'd recommend reading this article for more details about changing your payroll bank account: Change your payroll bank account (expand the QuickBooks Online sections). 


Need to check your employee's year-to-date data and other payroll details? You can achieve that by running a variety of payroll reports. This article can guide you through the process: Run payroll reports.

 

In case you'll need assistance in switching your payroll bank account, don't hesitate to get back on this thread. We're always here to help you.

July 1, 2022

Thank you

I have already  update QB to reflect this new account. The problem is, I neglected to switch this information over to the new account when I entered payroll. All the checks were processed from the correct account, but all the checks posted to the old/wrong bank ledger in QB... 

since they are posting to the wrong bank ledger ( the old account) how do I correct this so that they are posting to the correct bank ledger(the new account) in QB

October 27, 2022

Did you ever find the answer to this problem? I am having the same issue.