Skip to main content
D
Dawn Hazelwood
February 4, 2021
Question

Standard Payroll

  • February 4, 2021
  • 1 reply
  • 0 views

Can someone advise me on  payroll standard?

 

I run a payroll each month and I have to exclude payments from the bank and rely on the journal entries for records. If I add the payments as an expense it duplicates and cant reconcile so I was advised to exclude all payments for wages ( paye/wages) and rely on journal entries.

 

1. Wont let me attach expenses for wages from bank feed to journal entry so have to exclude as if i don't it duplicates and i cant complete the bank reconciliation.

2. Some months the paye goes to payroll liabilities and some to the Tax and National Insurance, these are from the journal and not manually added.  

When it was Payroll Suite it was so easy i could attach each payment to each month and my totals were spot on, now its a mess.

1 reply

Rose-A
Rose-A
February 4, 2021

I'm here to help ensure you're able to manage your payroll transactions in QuickBooks Online Standard Payroll, Dawn Hazelwood.

 

To get this sorted out, as an initial step, let's check the payroll journal created by your payroll. This will depend on what actions you'll need to take to match your Bank transactions.

 

If the payroll already reaches your Bank Register within QuickBooks Online, you'll have to make sure that it hits the correct bank and follow the Find Match process.

 

However, if it did not hit the Bank Register then most probably it will allocate to a Liability account, you'll have to add the transactions to the liability account in order to show the Balance sheet it was already paid

 

You can go through this article for the detailed steps in finding a match as well as adding transactions in QuickBooks Online: Categorise and match online bank transactions in QuickBooks Online.

 

Additionally, you can visit this write-up: QuickBooks Online Standard Payroll hub. It provides you links to help you manage and organise your payroll transactions.

 

If there's anything else I can help you with payroll or anything in QuickBooks, please let me know. I'd love to help and provide additional assistance. Have a good one.

Terms & ConditionsAccessibility statement