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November 8, 2022
Question

Bi-Weekly Period Payroll

  • November 8, 2022
  • 1 reply
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Hi, appreciate your guidance on bi-weekly payroll, pls advise how can we align payroll expenses to monthly Income Statement report for months that there are 3 pay periods. Thank you

1 reply

November 9, 2022

Hi there, A_Ferrer. I'm here to explain how reports correspond to your payroll expenses in QuickBooks Online.

 

Payroll is an operating expense, so it should be added automatically to your monthly income statement report. Also, the reports in QuickBooks will base on the transaction date or pay date. You just need to make sure to customize the report period to see the exact details you needed. When customizing your reports, you can use this article as a guide: Customize reports in QuickBooks Online.

 

To learn more about the components of an income statement report, you can check out this link: Income statement guide: Definition, uses, examples, and more.

 

Let me know if you still have follow-up questions or concerns about payroll and reports in QuickBooks Online. I'll be happy to assist. Take care and enjoy your day.