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cellosister
September 18, 2023
Question

separate accounts to pay taxes and payroll

  • September 18, 2023
  • 1 reply
  • 0 views

I automatically take a percentage of every dollar that comes in and deposit in a savings account explicitly for taxes. I pay payroll through the checking account. Can i pay taxes via quickbooks from a different account (my tax savings account) than i pay my payroll through?

1 reply

JenoP
JenoP
September 18, 2023

Let me join you here and swiftly address your payroll-related inquery, cellosister.

 

For now, we can only use one bank account when creating paychecks and sending tax payments in QuickBooks Online. Although, you can switch back and forth between banks after the pending transactions have been completed.

 

Refer to this article for detailed instructions: Change Your Payroll Bank Account.

 

I can totally see the advantages of having this feature in QBO. You can send feedback about having the option to use multiple bank accounts when running payroll in the program. Here's how to do it inside your account: 

 

  1. Go to the Gear icon and select Feedback.
  2. Type in your feedback and suggestions about being able to use a different bank account for tax payments in QBO.
  3. Click Next to submit them.

 

All customer feedback and suggestions are collected and reviewed by the product development team as they plan updates and enhancements for the software. It's a valuable way to contribute to the improvement of the product.

 

For additional payroll-related resources, allow me to share these articles here: 

 

 

Feel free to reach out to the QuickBooks Team whenever you require assistance. We are committed to providing our guidance and assistance whenever you need it.

    C
    cellosisterAuthor
    September 19, 2023

    I appreciate the clear and concise answer, thank you. That being said, yes, it's a massive inconvenience to have to switch back and forth between accounts manually, and this also interferes with the efficient system I've implemented managing my accounts outside of QBO. I will submit feedback, though i understand it's unlikely to initiate any systemic changes within the software. 

      M
      Mokelah
      February 15, 2024

      We are facing the same challenge.

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