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Cannot change journal mapping account for standard payroll for quickbooks online
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Bit arrogant to say wages should always be categorized as expenses....in no accounting text book will you see that. No government agency dictate how you should categorize expeniture. No accounting standards dictate that wages should always be categorized as expenses. If Quickbooks can't do it because coders decided it was not how things should work, then say that, but don't dictate how users must categorize and analysis their business expenditure.
Hello there, Andrew678.
Welcome to the Community. I'm here to share some information to help you change your journal mapping account for standard payroll in QuickBooks Online.
Here are some steps that might just be the trick to getting your payroll back on track.
First, simply turn off ‘Close the books’ by going to:
- Payroll, and choose the gear icon.
- Tap Account and Settings, and then Advanced.
- Edit the Accounting section, and use the toggle to switch off ‘Close the books’.
- Go back to payroll, and rerun the payroll to create a journal entry.
Second, ensure 'Net pay account' isn’t mapped in a foreign currency
- In Payroll, and hit the gear icon.
- Tick Account and Settings, and then Advanced.
- In Currency, set ‘Home Currency’ to British Pound Sterling.
- Go back to payroll, and rerun payroll to create journal entries.
You can view this article for more details: What to do if you can't create journals in Standard Payroll.
Once done, run a payroll report to check if the amounts are accurate in your QBO.
Do get back to me if you have other concerns about standard payroll. I'm always here to back you up. Have a great day!
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