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R
RobertsonArch
April 30, 2024
Question

Withholdings

  • April 30, 2024
  • 1 reply
  • 0 views

I have a situation where I used QB payroll from April 2023 to October 2023, then switched over to a payroll company. I am a solopreneur with no employees, so the money was going from my business account into my personal account. 

 

During April 23 to October 23 QB ran the payroll, and withholdings. It seemed like QB was withdrawing the withholdings along with the net pay. 

 

I guess my question really is, where do the withholdings go when QB runs payroll? 

1 reply

S
SarahannC
April 30, 2024

Hello there, Robert.

 

Your E-pay or Auto Pay features may be enabled. They simplify the payroll process by automatically deducting the net pay and withholdings from your business account. Here are some articles you can check for more details:

 

 

Withholdings not yet paid will go into the Payroll Liability Account.  This account tracks obligations related to payroll deductions. 

 

Still, you can run payroll reports to review how QuickBooks handled your withholdings during the period. These reports show a breakdown of the gross pay, deductions, and net pay for each pay period, amounts withheld for taxes.

 

Additionally, if you need additional assistance reviewing your payroll data from April 23 to October 23, our Payroll Support Team can help you further.

 

Feel free to post again if you have follow-up questions or need more help. I'll be around to respond.

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