How to process payroll on Quickbooks online, I do not have the module. I have created a journal and debit the wage into a folder called wage expenses and credit the bank

Hi there, @TUSSU.

Let me help and provide information about payroll, pension, and tax in QuickBooks Online (QBO).

Currently, the QuickBooks Online International version doesn't have a payroll functionality inbuilt. As a workaround to process payroll, you can use the Journal Entry function to manually record the accounting information for your payroll.

Here are some possible reasons why a transaction may not have a match or can't be found in existing records.

• The payees, amounts, or dates don't match.
• The transaction is older than 6 months.

          Tip: You can still find a match when you select the Find    

          match section.

• The bank account on the payment isn't the same as the bank where the match is located
• The payment has been reconciled.
• The record is already matched to another transaction.
• There are multiple currencies involved, and the exchange rate has shifted significantly, making amounts very different.

In addition, to process tax you have to set up the sales tax first in QBO. Here's how:

1. Go to Taxes and select Set up tax.
2. Enter the Tax name, Description, and Tax agency name.
3. Enter your Business ID no (optional).
4. Select your Start of current tax period.
5. Select your tax Filing frequency for Tax.
6. Select your Reporting Method (usually it'll be Accrual, but if in doubt, please consult your accountant).
7. Enter the Sales rate, then select This tax is applicable on purchases, if applicable.
8. Select Next, then select OK.

For more information about setting up tax, refer to this article: Set up and use sales tax in QBO.

On the other hand, to process a pension you can write a cheque for the pension if it's the employee. Here's how:

1. Select + New, and select Cheque.
2. Choose the Payee from the dropdown.
3. From the Bank account dropdown, select the account the cheque withdraws money from.
4. Complete the cheque fields you need.
5. Select the Print option.
6. Select Save and close to close the cheque window. Or Save and new one if you need to create another cheque. Note: If you choose a save option, this adds the cheque to your bank register.

However, if this is for you (the owner) you can add an account type as Equity and change the Detail Type to Partner Distributions or Owner's draw into the Chart of Account. 

Here's how:

1. Go to the Gear Icon, and select Chart of Accounts.
2. Click New, and change the Account type to Equity.
3. In the Detail Type, find the Partner Distributions.
4. Type Owner's Draw in the Name section.
5. Add a description.
6. Now let's make sure the account in QuickBooks matches your real-life bank or credit card account. Choose when you want to start tracking your finances. In the Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
7. When you're done, select Save and Close.

To know more about adding an account to your COA, check this article: Add an account to your chart of accounts.

For future reference, I'll also add this article to guide you match your bank and credit card statements: Reconcile an account in QuickBooks.

Please feel free to drop a comment below, if you have further concerns about the payroll, tax, or other QBO-related concerns. I will answer them in any possible way.