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January 17, 2024

Welcome to the Community space, karen.

 

Currently, the QuickBooks Online International version doesn't have a payroll functionality inbuilt. However, you can manually record payroll accounting information using the journal entry function as a workaround.

 

Example:

Fred's Residential Remodeling Company has five employees. For the Journal entry, you would take the gross pay for the employees. In this example, $4055.00 is the total amount.

 

Here's how:

 

1. Select the + New.

2. Click Journal entry.

3. Under Date, select the paycheque date.

4. (Optional) Input Entry # for a journal entry.

5. Debit and Credit accounts:

  • Debit expense account used to track gross wages ($4,055.00)
  • Debit expense account used to track Employer Contribution (e.g. pension scheme ). ($251.41)
  • Credit Bank account payroll is deducted from. ($4306.41)

Note: To make entry easier next time, the next two steps go over how to save the transaction. If you only wish to do the transaction once, or have the QuickBooks Online Simple Start version, please skip these steps.

 

6.Select Make recurring.

7. Enter a memorable Template name.

  • Type to Unscheduled; select Save Template.

For more detailed steps, you can check this guide: Recording payroll in QuickBooks Online.

 

I'll also add this article to help you update and correct your journal entries: Reverse or delete a journal entry in QuickBooks Online.


If you have additional concerns besides payslip, please post them here in the Community. We are eager to help you.