We use Paychex for payroll. What accounts should I set up in Quickbooks

Thank you for reaching out to us regarding setting up accounts in QuickBooks Online (QBO) for Paychex payroll and payments for your nonprofit school, dclarke. We appreciate your inquiry and are here to guide you through the process.

To begin with, when integrating Paychex with QBO, it is crucial to consult with your accountant to determine the specific accounts to set up. Your accountant can provide you with accurate guidance tailored to your organization's needs, ensuring proper tracking of payroll expenses and liabilities.

If you don't currently have an accountant, you can visit our Proadvisor website to find one. Our QuickBooks advisors can offer you technical and accounting support.

Moreover, to set up payments for your nonprofit school in QBO, you'll have to first sign up or connect an existing QuickBooks Payments account. If you haven't already, you can sign up for QuickBooks Payments by following these steps: 

1. Select Settings, then select Account and Settings.
2. Select Payments, then select Learn more in the QuickBooks Payment section. 
3. Select Set up Payments.

If you already have a QuickBooks Payments account, you can connect your existing account to QuickBooks Online.

Once you complete the previous step, you will be directed to the Payments signup window where you will be presented with three sections. These sections include the Business, Owner/Proprietor, and the Payment deposit section. 

To proceed, you'll need to fill out the form provided in each of these sections. This will help ensure that your payment deposit is processed correctly and that you can receive payments as intended.

When you're finished with all of the sections, select Get Set Up. You'll get an email about your enrollment in a few business days. If approved, you can order things like a mobile card reader directly from the email.

Once everything is set up, you can now Set up your account so customers can pay invoices online and Process payments in QBO. 

For more detailed information and steps for the setup of your account and the steps to process the payments, you can refer to this article:

• Take and process payments in QuickBooks Online with QuickBooks Payments
• How to set up QuickBooks Payments

Additionally, if you want to learn about deposit times for customer payments, you can check out this article for your reference: Find out when QuickBooks Payments deposits customer payments

Keep us posted if you have further questions about setting up payments in QBO. I'll be of help. Have a great one.