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magicwandpo-gmai
Jul 4, 2021 4:44 PM UTC
Question

How can I move payroll entries from Cash on Hand to the bank?

Original commenter did not share additional details

3 replies

AshadH
Jul 4, 2021 7:58 PM UTC

Hi @magicwandpo-gmai,

 

This can be done by following the few steps below. Hopefully, this helps you find a solution to your issues and get you back on track in no time. 

 

Here is what you can do;

 

  1. Go to the Gear icon and select Payroll Settings.
  2. Click Preferences.
  3. Select Accounting Preferences.
  4. In the Checking Account drop-down arrow, select the correct account

 

I hope this solution helps you and if you do have more questions always reach out to us and I'll be happy to help you. 

Thank you for choosing Quickbooks and have a great day!

gatzke_admin
Nov 22, 2021 10:03 PM UTC

How do I fix all the payroll that came out of cash on hand yet came out of checking account in quickbooks online?  Cash on hand has very big negative balance and it should be at zero?

JamesM4
Nov 25, 2021 12:01 AM UTC

Hello gatzke_admin. Thanks for chiming in on this thread. Based on what you've described, I recommend reaching out to an accounting professional for expert advice on how to deal with the particular transaction. If you're not in contact with a professional, don't worry, you can search for one using this link here. In case you decide to use journal entries, here's a helpful article that provides more info about creating journal entries in QuickBooks. 

 

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back. 

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