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September 20, 2023
Question

When recording a payroll Journal entry with imputed pay, I know that the imputed pay is added to wages, but what is the other side of the entry

  • September 20, 2023
  • 2 replies
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2 replies

MorganB
September 20, 2023

Hey there, mrichardson.

 

Thanks for bringing your question forward here in the Community. I'm here to point you in the right direction regarding your question about the payroll journal entry in your QuickBooks Online account.

 

In this instance, I recommend reaching out to your accountant for the best advice on what the other side of the entry should be. A professional accountant will be able to advise of the next steps based on your unique business setup and workflows. If you don't currently have an accountant, you can find one specifically trained in QuickBooks in your area by searching here: Find a ProAdvisor

 

After finding out what the entry should be and you still need assistance with how to enter it please don't hesitate to reach back out. I'll be here to help in any way that I can.

September 22, 2023

I reached out to a pro advisor but they have not responded

Rainflurry
September 22, 2023

@mrichardson 

 

It depends on what fringe benefits are associated with the imputed pay.  Can you provide some more info?