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A
arwells57
March 2, 2023
Question

payroll entry in wrong account

  • March 2, 2023
  • 1 reply
  • 0 views

It appears in QB online payroll, I have 2 entries, It appears that I created an incorrect entry in the correct account and the system generated an entry in the wrong account because at that time we didn't have a payroll account.  The entry in the wrong account is probably driving all the correct tax and wages entries  If I create   a journal entry for the whole payroll transaction in the correct account would it be ok to delete the 2 entries sitting in the account right now?

1 reply

C
CharleneMaeF
March 3, 2023

Greetings, arwells57.

 

Yes, you'll want to create a journal entry to transfer the payroll to the right account. Let me show you how.

 

Before doing so, I recommend getting in touch with your accountant for additional guidance in recording this. This way, we'll ensure the accuracy of your accounts after making these changes.

 

In your QuickBooks Online (QBO):

  1. Go to the + New button.
  2. Select Journal entry.
  3. Fill in the needed details to create your journal entry.
  4. Click Save and close when done.

Here's an article you can read to learn about the basic of creating a journal entry: Create a journal entry in QuickBooks Online.

 

Once done, run a payroll report to check if the amounts are accurate in your QBO. Also, I encourage checking our Employees and payroll taxes page for reference. There, you can read some of our great articles and learn some tips for managing your payroll.

 

Do get back to me if you have other concerns. I'm always here to back you up. Have a great day!

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