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cruise288
January 9, 2021
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Manual Payroll

  • January 9, 2021
  • 1 reply
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I only have 2 employees and would like to setup the payroll manually. I use Quickbooks Online. I will calculate the withholdings manually. Does anyone have step by step document to follow from creation on the paycheck to the payment of the taxes.    

Best answer by mv32

Hi there, @cruise288, and fmtigroup2021.

 

Let me add details on how you can manually create and track your payroll expenses and tax liabilities in QuickBooks Online.

 

You'll have to create expense and liability accounts in QuickBooks to track the amounts. When entering the payrolls paychecks, you can add them as journal entries. For reference, see this article: Manually enter payroll paychecks in QuickBooks Online.

 

I'll add these articles to get more insights on how you can run manually made payroll in QuickBooks: Run reports in QuickBooks Online.

 

Also, I suggest reaching your accountant to make sure that you're using the right account to track expenses and liabilities.

 

If you have other questions or need clarifications, feel free to place them here. I'll be around to lend a hand. Stay safe and well!

1 reply

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fmtigroup2021
January 9, 2021
 
We're having the same issue and welcome input here. We simply want to manually pay (via EFT) our two employees. Our bank is connected, but it defaults to Check and nothing is actually paid. 
 
 
 
M
mv32Answer
January 9, 2021

Hi there, @cruise288, and fmtigroup2021.

 

Let me add details on how you can manually create and track your payroll expenses and tax liabilities in QuickBooks Online.

 

You'll have to create expense and liability accounts in QuickBooks to track the amounts. When entering the payrolls paychecks, you can add them as journal entries. For reference, see this article: Manually enter payroll paychecks in QuickBooks Online.

 

I'll add these articles to get more insights on how you can run manually made payroll in QuickBooks: Run reports in QuickBooks Online.

 

Also, I suggest reaching your accountant to make sure that you're using the right account to track expenses and liabilities.

 

If you have other questions or need clarifications, feel free to place them here. I'll be around to lend a hand. Stay safe and well!

    C
    cruise288Author
    January 14, 2021

    I understand the journal entry. However, since the journal credits the checking account, what would the entry be when I am ready to cut the check.

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