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R
REN9
July 14, 2021
Question

Payroll Chart of Accounts

  • July 14, 2021
  • 1 reply
  • 0 views

Hi,

 

I've just started using QB payroll in this financial year so very new to it all. I've found the following link about setting up the payroll chart of accounts but wanted to double check if this is how I should set them up. https://quickbooks.intuit.com/learn-support/en-au/set-up-payroll/quickbooks-payroll-chart-of-accounts/01/370848 

 

If I set up the chart of accounts how it is listed on the link will I then be able to just match my transactions in my banking? I want to be able to match them the same way that BAS & IAS payments show up on banking feeds. Is this possible?

1 reply

N
Nona_O
July 14, 2021

Hi REN9,

 

Welcome to Quickbooks Community.
Upon initial set up of your Payroll account, we need to follow the steps provided on that link and make sure that those created accounts will be used and selected when you create your payroll. After you finish setting up Chart of Accounts in the Business Settings, make sure that you click on Import Accounts on top right so the set up will automatically flow in your QBO Chart of Accounts. Once completed, you will be able to match bank transactions to your payroll expenses.

 

Hope this answers your questions.  Feel free to reach out again if you have any other questions.

R
REN9Author
July 15, 2021

I've set up the chart of accounts in payroll but it still doesn't show up as "match" in my banking. Also, I've noticed when I click on "Pay Run" it has an error on my two payruns under journal exported. Am I missing a step?

N
Nona_O
July 15, 2021

Hi REN9, 

 

Thanks for getting back to us.  We'd highly suggest you contacting our live channels, they can perform screensharing to see what went wrong with your set up. You may reach out to QuickBooks Online Support via Chat or Phone Support Hotline on this link: https://help.quickbooks.intuit.com/en_AU/contact.

 

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