Question
HELP... I CAN NOT TIE BACK TO PAYCHEX - HELP WITH PAYCHEX ENTRY
- January 26, 2024
- 0 replies
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I have Paychex Payroll and They deduct in multiple different Cash Withdrawals, HR Services, Fees, Taxes, Income.
I have the Year End Pretax 401K EE Deductions
Medical Allowance as a Reimbursement/Addition
Then your typical Taxes.
How do I create a journal to handle all of these items? Mine just doesn't seem to be working.
Here's an example of one of the employee payroll:
So for the example above, the Employee Earnings Report Breakdown is as follows:
GROSS PAY: 3,333.33
MEDICAL STIPEND: $175
PreTax 401K Deduction: $333..33
Fed Taxes: 410.85
State: 151.33
NET PAY: $2,436.15
What would the entry look like in QB. (ATTACHED SCREENSHOT FROM PAYROLL JOURNAL REPORT)
