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kl2026
January 23, 2022
Question

quickbooks payroll

  • January 23, 2022
  • 1 reply
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I am new to Quickbooks payroll. I've noticed when payroll is created it charges expenses twice. It is not the same amount so it will not match it from my banking page. My banking page shows the net payroll amount taken from my checking account. Quickbooks enters the gross amount under expenses. To balance my banking page with quickbooks I would need to eliminate the Quickbooks entry but I am not allowed. If I eliminate the net banking entry my books are off. Any ideas?

1 reply

G
Giovann_G
January 23, 2022

Thank you for visiting the QuickBooks Community, kl2026.

 

I'll share some information about your payroll expenses showing different amounts.

 

When your Payroll service is set up, the system automatically creates default accounts to record your payroll liabilities and expenses. Then, distributes the amounts to their respective accounts based on your account mapping. You may have to use the same account for your payroll taxes and deductions that's why it shows the gross amount.

 

Let's review your Payroll preferences and make the necessary changes. This is to ensure that the account for your payroll information is correct. Here you can see which Expense and Liability accounts are affected when you create a paycheck, make a tax payment, or create a deduction,

 

Here's how:

 

  1. Go to the Gear icon.
  2. Select  Payroll Settings.
  3. Go to the Accounting section and click the pencil icon to expand the page.
  4. Review or edit the details being chosen and make sure that all information is correct.
  5. Click Done.

 

Check out this article for additional details: Payroll accounting preferences. 

 

Please proceed with matching the transactions once all the payroll items are in the correct account.

 

In addition, please see this article for instructions on how to make the commission a part of an employee's salary or additional pay: Pay employees a commission.

 

If you have further questions about your payroll entries, don't hesitate to comment below. I'm always here to assist you. 

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