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REN9
Level 2

Payroll Chart of Accounts

Hi,

 

I've just started using QB payroll in this financial year so very new to it all. I've found the following link about setting up the payroll chart of accounts but wanted to double check if this is how I should set them up. https://quickbooks.intuit.com/learn-support/en-au/set-up-payroll/quickbooks-payroll-chart-of-account... 

 

If I set up the chart of accounts how it is listed on the link will I then be able to just match my transactions in my banking? I want to be able to match them the same way that BAS & IAS payments show up on banking feeds. Is this possible?

7 Comments 7
Nona_O
QuickBooks Team

Payroll Chart of Accounts

Hi REN9,

 

Welcome to Quickbooks Community.
Upon initial set up of your Payroll account, we need to follow the steps provided on that link and make sure that those created accounts will be used and selected when you create your payroll. After you finish setting up Chart of Accounts in the Business Settings, make sure that you click on Import Accounts on top right so the set up will automatically flow in your QBO Chart of Accounts. Once completed, you will be able to match bank transactions to your payroll expenses.

 

Hope this answers your questions.  Feel free to reach out again if you have any other questions.

REN9
Level 2

Payroll Chart of Accounts

I've set up the chart of accounts in payroll but it still doesn't show up as "match" in my banking. Also, I've noticed when I click on "Pay Run" it has an error on my two payruns under journal exported. Am I missing a step?

Nona_O
QuickBooks Team

Payroll Chart of Accounts

Hi REN9, 

 

Thanks for getting back to us.  We'd highly suggest you contacting our live channels, they can perform screensharing to see what went wrong with your set up. You may reach out to QuickBooks Online Support via Chat or Phone Support Hotline on this link: https://help.quickbooks.intuit.com/en_AU/contact.

 

REN9
Level 2

Payroll Chart of Accounts

I originally reached out to QB online support via chat but they didn't help at all.

 

I've clicked on the pay runs and there's an option to "Export to Quickbooks", could this be the issue as I didn't notice this option previously?

Nona_O
QuickBooks Team

Payroll Chart of Accounts

Hello REN9, 

 

I'm sorry to hear that the issue was not resolved. The option to Export to Quickbooks will link your payrun to Quickbooks Online. You may check the default accounts in Payroll against the QuickBooks Chart of Accounts account history. You can view the default accounts in Payroll Settings --> Chart of Accounts.  

 

Feel free to reach out again if you have any other questions.


REN9
Level 2

Payroll Chart of Accounts

It's still not showing up as "Match" in my bank feed, not sure what I'm doing wrong.

IntuitAika
Intuit

Payroll Chart of Accounts

Welcome to the Community, REN9.

 

Yes, the link you've provided above is correct on how to set up your Chart of Accounts for payroll.

 

When matching payroll payments it will be based on the default payment account you've set on Payroll Settings. Let me show you how to check.

 

  1. Go to Employees tab.
  2. Select Payroll Settings and then Chart of Accounts.
  3. Select on the Default accounts to reveal the Payment account you've set.

If you've selected Payroll Clearing as a payment account, you'll need to allocate the bank feed to Payroll Clearing. However, if it is set to a bank account you can match the bank feed to the payroll journal exported to QuickBooks Online after you've finalised your pay run.

 

For more detailed information, you can check on this article: Matching payroll payments in QuickBooks Online

 

Write back to us if you have any other questions. Have a nice day.