The set up of your payroll accounts determines the journal entries that you use to record payroll expenses.
This page will show you how to add and match those journal entries to transactions from your online bank account.
Adding Expense Transactions in Online Banking
Using the Payroll Clearing Account:
Matching the journal transaction in Online Banking
Using the Bank Account as the Payment Account:
If you are using ABA files (bulk payment files) to pay your employees, you can change the default bank payment account to the bank account instead of the payroll clearing account.
This can make it a little easier because it allows you to match the payment from your bank account as opposed to having to add expenses to clear the payroll clearing account (the default setting).
- Go to Payroll and select Payroll Settings.
- Go to Chart of Accounts under Business Settings and select Default Accounts.
- Run the regular payroll.
- On the Transactions screen, you'll be able to match the journal entry to the payment made.