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N
noahtrotter1997-
September 6, 2023
Question

I have 3 stores and multiple employees per store. How do I record this in QBO?

  • September 6, 2023
  • 1 reply
  • 0 views
I have 3 stores and multiple employees per store. My payroll comes out of my bank as 2 transactions: one for the amount paid to employees and one for the tax withholdings and payroll taxes.

I want to record the payroll for each store for P&L tracking purposes.

How do I record this in QB the right way?

1 reply

C
Carneil_C
September 6, 2023

Thanks for laying out the details of your concern, @noahtrotter1997-. I'm here to help you manage your business in QuickBooks Online Payroll.

 

If you want to add multiple companies, each one will require a separate subscription. Thus, QBO payroll only allows one federal EIN. Also, we can't have two bank accounts with employees separated by taxes. It's why your payroll comes out of your bank as two transactions.

 

For a detailed process of setting up your company, refer to this article for your guide: Add a new company to your payroll subscription.

 

Moreover, you'll want to modify your employee's information in the future. Check out this resource for reference: Edit or change employee info in payroll.

 

I'm more than willing to help if you have any other concerns with your payroll or any processes in QuickBooks Online. I'll ensure your needs are taken care of. Take care always.

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