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kentsimms-icloud
September 5, 2024
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Payroll

  • September 5, 2024
  • 1 reply
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I just ran employee payroll for tomorrow. How do I see the total amount that will be deducted from my bank account?

Best answer by Maybelle_S

Thank you for getting back to us and clarifying your concern, Kent. I appreciate your diligence in reviewing the Payroll Summary report.

 

To clarify, only the net pay amount, the total paid to employees after taxes and deductions, will be deducted from your bank account. The Payroll Summary report shows the employee and employer taxes, which are paid separately to tax agencies.

 

However, if you're using auto-pay for taxes, tax amounts are included in the withdrawal from your bank account.

 

Additionally, visit these materials about creating, managing, assigning, or updating pay schedules and running payroll in QuickBooks: 

 

 

You can also manage your payroll items if you want to view, edit, or remove pay items from employees. 

 

If you have more questions about payroll reports in QuickBooks, please add them in the comments. We'll work together to find a solution.

1 reply

M
Maybelle_S
September 5, 2024

Tracking payroll expenses is crucial, Kent. I’m here to help you see the total amount that will be deducted from your bank account.

 

In QuickBooks Online (QBO), you can run the following reports to see the total deductions from your bank. This will provide a clear summary of all amounts to be debited.

 

  • Payroll Summary Report
  • Payroll Details Report
  • Paycheck History Report

 

The Payroll Summary overviews payroll expenses and totals per pay period, with deductions in the Net Pay column. The Payroll Details provide a breakdown of transactions and deductions, while the Paycheck History lists all issued paychecks for total confirmation.

 

To run these reports:

 

  1. Go to the Reports menu.
  2. Type Payroll Summary, Payroll Details, or Paycheck History in the search bar.

 

For more details, see this link: Run payroll reports.

 

Additionally, this page contains topics handling payroll-related tasks in QBO: Payroll guide. Choose an article to see the complete details or troubleshooting steps. 

 

Tag my name if you have additional questions about viewing payroll totals in QuickBooks. I'll be more than happy to help.

    K
    kentsimms-icloudAuthor
    September 5, 2024

    Thank you for the response. Just to clarify, in the Payroll Summary report, I see net pay per employee plus employee and employer taxes. If I add those, will that be the deduction from the bank?

     

    Thank you,

    Kent

    M
    Maybelle_SAnswer
    September 5, 2024

    Thank you for getting back to us and clarifying your concern, Kent. I appreciate your diligence in reviewing the Payroll Summary report.

     

    To clarify, only the net pay amount, the total paid to employees after taxes and deductions, will be deducted from your bank account. The Payroll Summary report shows the employee and employer taxes, which are paid separately to tax agencies.

     

    However, if you're using auto-pay for taxes, tax amounts are included in the withdrawal from your bank account.

     

    Additionally, visit these materials about creating, managing, assigning, or updating pay schedules and running payroll in QuickBooks: 

     

     

    You can also manage your payroll items if you want to view, edit, or remove pay items from employees. 

     

    If you have more questions about payroll reports in QuickBooks, please add them in the comments. We'll work together to find a solution.

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