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July 31, 2024
Question

Where should I post total payroll cost when submitting payroll in Quickbooks enhanced payroll ? Is this to my payroll liabilities account or bank account?

  • July 31, 2024
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1 reply

July 31, 2024

Hi heating.solution Thanks for reaching out to us here on the Community. The total payroll costs refers to the employee payments, any payments made to HMRC and your pension provider. Usually this would be your bank account however it's also possible to have the amounts posting to a liability account and then expense out of that liability account at a later date. We would recommend reaching out to an accountant, as we're not accountants, to qualify the above, there maybe an accountant that reads this post and offers some advice.