QB Desktop Payroll DD reclass

15 replies
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Hello,

We're using Quickbooks Desktop 2018. We recently transitioned from outsourced payroll to doing it ourselves. Previously, we would simply record checks when payroll was processed. We used a memorized transaction that broke down the payment amount by gross pay, FICA and W/H, W/B, 401K match, and Transit Tax (specific to our state).

Since transitioning to Quickbooks and utilizing the direct deposit function, what is the best way to correct/ offset/ adjust the automatic Quickbooks liability check that comes across?

Answer

Thank you. I think I've got that part. My problem now is that Gross Pay amounts are not showing on my P&L. The amounts are entered in the check under the Gross Pay item. I've separated the amounts by class and entered each on a separate line. However, when I open the P&L, it shows 0.00 under all classes for Gross Pay.

The accounts used on your paychecks are a result of the payroll items' setup. If wrong, then edit the items from the payroll item list and update the accounts. When you do, say yes to update the existing transactions and then they'll show up on your P&L.

A

Anonymous

Depends. What do you want to correct/ offset/ adjust? It should be correct.

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Anonymous

The amount is correct, of course, but I still need to break it down into the accounts of gross pay, FICA and W/H, W/B, 401K match, and Transit Tax (specific to our state), versus the check that comes across hitting the Direct Deposit payroll item.

If I go in under the expenses tab and do the breakdown of amounts to the appropriate accounts and classes, it does not recognize the amounts, only the total amount under Payroll Liabilities.

Would you recommend doing a JE to move the amounts to the appropriate accounts?

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Anonymous

RE: "The amount is correct, of course, but I still need to break it down into the accounts of gross pay, FICA and W/H, W/B, 401K match, and Transit Tax (specific to our state), versus the check that comes across hitting the Direct Deposit payroll item. "

All that information is already on your QuickBooks paychecks.

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