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H
HWAccountant
January 10, 2024
Question

Payroll Mapping

  • January 10, 2024
  • 1 reply
  • 0 views

What are best practices or proven solutions for clients that have incorrectly mapped their payroll to a non-existent bank account? The result of which is that the payroll is coming out of this erroneous account.  The payroll is also coming out of the correct bank account through the bank feed.  I have considered the following: a journal entry to remove the incorrect balance, or merging the two bank accounts and matching the bank feed. Any other suggestions or solutions?

Thank you!

1 reply

R
rvrfrf
January 10, 2024

Thanks for following up with the Community, HWAccountant.

 

To properly identify if you should create a journal entry, merge two accounts together, etc, I'd recommend working with an accounting professional. If you're in need of one, there's an awesome tool on our website called Find a ProAdvisor. All ProAdvisors listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.

 

Here's how it works:

 

  1. Go to our Find a ProAdvisor page.
  2. Use the City or ZIP search field to specify a location.
  3. Select Find a ProAdvisor.
  4. Browse through your results and find one that works best for the business. You can click on each ProAdvisor's profile to message or learn more information about them.

 

I've also included a couple detailed resources about matching transactions and working with payroll which may come in handy moving forward:

 

 

If there's any additional questions, I'm just a post away. Have a great Wednesday!

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