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C
contractor-danie
January 18, 2023
Question

I've made monthly payroll adjustments, but now my bank balances are off for my chequing account due to these transactions. How to solve?

  • January 18, 2023
  • 1 reply
  • 2 views
No text available

1 reply

A
Anonymous
January 18, 2023

It’s nice to have you here, contractor.

I want to provide the correct solution concerning your bank and chequing balances in QuickBooks Online (QBO).

With this, I’d like to ask clarifying questions to determine what is causing this. First, may I know the purpose of the adjustments? Did you enter this using a Journal Entry (JE), Check, or Deposit? Also, what are the affected accounts upon creating this? Is it the credit card or just the bank?

I’ll wait for your response to rectify this matter. Have a good one!

C
contractor-danieAuthor
January 21, 2023

HI Jill,

 

I've attached a screenshot of one of the adjustments I have done, and this is being done on a monthly basis in order to match up what the payroll reports state. There shouldn't be any accounts affected by this which is my issue. I'm simply trying to break out and expense the payroll tax accounts and reconcile that with the total amount being expensed by payroll. Right now, my main chequing account is off due these monthly adjustments.

 

Please advise, thank you! 

E
Ethel_AQuickBooks Team
QuickBooks Team
January 22, 2023

Thank you for getting back to us and sharing more information, @contractor-danie.

 

I understand your payroll adjustment affects your checking account. I'll share information about handling adjustments.

 

For payroll adjustments, I suggest working with an accountant. This way, you can avoid messing up your books in QuickBooks Online. If you don't have an accountant, find one here: Find an accountant.

 

You may also consider reading through this reference with the topics you can use while working with your employee's payroll with us: Help Articles for QuickBooks Online Payroll.

 

If you have other questions about payroll, feel free to drop by here in Community. I'm always around to help.

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