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arkvalleyinfo
Dec 11, 2018 4:32 AM UTC
Question

The payroll expense section in the "profit and loss detail" changed to gross pay only and does not show net pay.

Previously when we looked at profit and loss detail, the payroll expense deducted all tax deductions and only showed net pay. Then something happened and it only shows gross pay.

9 replies

arkvalleyinfoAuthor
Dec 11, 2018 4:32 AM UTC
It should be gross pay + the employer's share of payroll taxes.
arkvalleyinfoAuthor
Dec 11, 2018 4:32 AM UTC
how can you make it show the payroll tax deductions?
    arkvalleyinfoAuthor
    Dec 11, 2018 4:32 AM UTC
    You can see the payroll tax deductions in the payroll liability account(s) and on reports.
      arkvalleyinfoAuthor
      Dec 11, 2018 4:32 AM UTC
      I would like to know how to make payroll tax deductions show in the profit and loss detail only.
      arkvalleyinfoAuthor
      Dec 11, 2018 4:32 AM UTC
      They aren't an expense.  Let's say you pay someone $500 gross -- that is payroll expense.  The deductions for federal & state income taxes and fica & medicare are posted to payroll taxes payable (a liability account).
      arkvalleyinfoAuthor
      Dec 11, 2018 4:32 AM UTC
      That is what i've been reading through my research, but previously before today, it did add tax deductions before. It always showed the net pay instead of the gross pay previously.
      arkvalleyinfoAuthor
      Dec 11, 2018 4:32 AM UTC
      Perhaps you were looking at it in the check register or elsewhere?
      arkvalleyinfoAuthor
      Dec 11, 2018 4:32 AM UTC
      No, it was always "profit and loss detail". Thank you for trying to help anyways.
      Tony-1936
      Jul 31, 2023 4:57 PM UTC

      On my P&L Expenses, the Net pay, the Gross pay and the taxes are shown and added in.  

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