Skip to main content
May 25, 2022
Question

WCB

  • May 25, 2022
  • 1 reply
  • 0 views

Hello, what’s the proper way to enter WCB in the chart of accounts for my quarterly payments?

1 reply

May 25, 2022

Hey there jrdunlop,

 

Thank you for reaching out to us here. It is important that your chart of accounts is set up correctly in order for your books to balance properly. QuickBooks Online is a great tool to help you keep track of your Chart of accounts and help keep your books balanced. I can provide some information on how to set up Chart of accounts.

 

You can follow these steps in this article to add an account to your Chart of accounts properly. This will ensure you have everything set up as it should be. In order to know which account type is best to use to make sure your books are well balanced. I recommend reaching out to your accountant for guidance, as they'll be able to specify which account type and detail type is needed. You can add your accountant to your account to give them access to your books by going to the My Accountant tab. There is also an option in this section to find an accounting professional near you, all you would need to do is click on the Find a pro to help button.

 

If you're using QuickBooks Online Payroll and would like to make a change of what accounts are affected by payroll, navigate to the Gear Icon, then Payroll Settings. Click on the Accounting option, then you can edit the account used for payroll.

 

If you have any other questions feel free to reach out here.