Core Payroll new option "Chart of account" - what should this be set to?

Hello and welcome to the Community, Adrian33

We recently migrated users of Standard Payroll to our new and improved Core Payroll. Please see QuickBooks Core Payroll: upgrading your Standard Payroll experience in 2024 for full details. 

One difference in QuickBooks Core Payroll is that there are no longer payroll journals; instead, separate payments called payroll payments will be recorded.

These will be found in the chart of accounts that were selected to map the payments to. You can manage these accounts by going to the payroll settings - account mapping.

If you continue to see a blocker on the payroll after mapping all fields, please post a screenshot capturing the message below so that we can investigate further. 

Alternatively, you can begin a live chat where an agent will be able to connect to your screen to view the payroll.

Hi GeorgiaC, thanks for your reply.

As far as I can see, the account mapping is all set up (I didn't change any of these - they have always been set up this way).

I'm still seeing the mandatory field when running payroll.

I've attached a screenshot showing both the current account mapping and what happens when I run payroll (combined into 1 screenshot because I can only add one attachment).

Do you have any documentation on how the change from journals to 'payroll payments' will work? What will end up being recorded? Does this mean that the journals will no longer track unpaid payroll liabilities?

Thanks

Thanks for responding with these screenshots, Adrian33

The chart of account to be selected on the Run payroll screen is the bank account that the net payment posts to. 

The payroll payments will be generated once the payroll has been finalised and will post to the accounts chosen on the account mapping screen. You can locate the payments by viewing the account history of each account in your chart of account. 

We don't have a specific guide on the payroll payments at the moment, but you can visit our resource hub for QuickBooks Core Payroll for other helpful articles. 

If there are any other queries that we can help you with, please don't hesitate to post these below and we'll get right back to you.