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October 12, 2020

Hi there, jeremy-nextcode-.

 

Currently, QuickBooks Online in Malaysia and other International version does not have a payroll function built in-product. 

 

However, you can look for a third-party payroll app that can integrate with the system. I'd recommend contacting directly the app's Customer Support Team to confirm if they can connect with QBO. Once verified, they can help you with the integration setup. For more details, click this article: Third-party payroll integration.

 

Then, creating a journal entry in QuickBooks Online also is a good way to record the accounting information for your payroll transactions. While doing this, I'd recommend consulting an accountant for guidance so your account stays accurate. 

 

Here's how:

 

  1. Click the + New icon.
  2. Select Journal Entry.
  3. Under Date, select the paycheque(s) date.
  4. (Optional) Input Entry # for the journal entry.
  5. For Debit and Credit accounts, Debit expense account used to track gross wages and Debit expense account used to track Employer Contribution (eg. CPF, EPF etc.). Then, Credit Bank account payroll is deducted from.
  6. Hit Make Recurring.
  7. Enter a memorable Template Name and set Template Type to Unscheduled. Then, click Save Template.
  8. Hit Save.

 

For additional information, you can click this article: Recording payroll transactions manually.

 

Please refer to this article on how you can edit an employee's information or make them inactive in QuickBooks: Add, edit, or inactivate an employee.

 

I'm always here if you need more help with your transactions. Keep safe and have a wonderful day!