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JohnBornsworth
October 30, 2023
Question

Flexible Spending Account in Chart of Accounts

  • October 30, 2023
  • 1 reply
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Does QBO Online have an account ready to track payment to a Flexible Spending Account in the chart of accounts? We do not use QBO Payroll as our payroll processor. I just need to track the amounts in the chart of accounts. Where would I need to add this? I'm assuming it goes under Payroll Expenses. What do you think? Thank you! 

1 reply

K
Kevin_C
October 30, 2023

We're glad to have you here in the Community, John. We are always happy to assist you with any further information and help resolve any concerns you may have.

 

Yes, you can utilize the Payroll Expenses when adding an account to track a flexible spending account in your Chart of Accounts. However, it would be best to reach out to your accountant to ensure you're choosing the correct account types and detail types. If you're not affiliated with one, you can use our Find an Accountant tool to look for a Pro-Advisor near your area.

 

On the other hand, you may check out this article just in case you want to track paychecks using journal entries: Manually enter payroll paychecks in QuickBooks Online.

 

Additionally, check out these articles to learn more information about how the Chart of Accounts organizes your transactions, so you know how much money you have and owe in each account:

 

 

Please know that you can always get back to this thread if you have other questions or concerns about managing your chart of accounts in QBO. We'll be around to provide the information you need. Have a good one, John!

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