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September 6, 2024
Question

Setting up Liabilities from payroll - health insurance and Roth

  • September 6, 2024
  • 1 reply
  • 0 views

I need help setting up payroll liabilities. From my paroll journal entry, to getting the bill paid. Something is off and my balance sheet is reflecting it is not happening correclty. I use an outside payroll vendor, not QBs.

 

Payroll deducts for health insurance and Roth

I pay bill to insurance and send money to Roth.

 

My account codes are messed up somewhere and I just don't have the brainpower to sort it. This is not my specialty.

1 reply

September 6, 2024

Thanks for joining the Community, isaidsit.

 

To properly identify what's off in your books in regard to payroll liabilities and account codes, I'd recommend working with an accounting professional. If you're in need of one, there's an awesome tool on our website called Find a ProAdvisor. All ProAdvisors listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.

 

Here's how it works:
 

  1. Go to our Find a ProAdvisor page.
  2. Use the City or ZIP search field to specify a location.
  3. Select Find a ProAdvisor.
  4. Browse through your results and find one that works best for the business. You can click on each ProAdvisor's profile to learn more information about them.

 

Once you've found an accountant, they can be contacted through their Send a message form:
 

  1. Use the available text box to introduce yourself. Be sure to include details about which services you're looking for.
  2. Enter your appropriate info in the Your nameYour email, and Your phone number (optional) fields.
  3. Select Send message.

 

I've also included a detailed resource about working with payroll liabilities which may come in handy moving forward: What are payroll liabilities? Definition & types

 

Please don't hesitate to send a reply if there's any questions. Have an awesome Friday!