I am also posting payroll manually through the Bank Feed option using QB online. I understand the posting of the payroll check as far as debiting Gross Wages and crediting the payroll liability accounts to equal the net check and then when I post the payment to the IRS through EFTPS it will zero those accounts out. However, how do I create the Payroll expense account for the Employer match portion? If I add a line to the bank transaction to debit the Payroll expense accounts of Social Security Match and Medicare Match, what account do I credit to balance the transaction?
