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When I ran the payroll in Core Payroll, it didn't create the journal to credit the Employer's NI for employment allowance. What is the correct process now please?
Do we create this journal manually ourselves now? Or will it be created by Core Payroll at some other point?
Let me guide you on how to find the debits and credits (journal) for your payroll entries, particularly the employment allowance, richard96.
When you issue a paycheque, the online system will generate a transaction journal. You'll have to run the Journal report to see the debits and credits for each transaction. In addition, it will also provide insights into amounts and accounts not shown in the entry. Follow these steps to open the report:
Refer to this article for more in-depth information about the process: Customise reports in QuickBooks Online.
Furthermore, explore the QuickBooks Online Core Payroll | Resource Hub to know the various payroll tasks along with the links provided in each article.
Keep me posted if you have other payroll or accounting-related concerns or questions. We'll get back to assist you further.
Thanks - I already checked the journals. My question was why did Core Payroll not create a journal to credit the Employment Allowance? Standard Payroll used to do this for each pay run. Is this something that Core Payroll does not do or is there another process needed to create the journal?
I'm here to shed some light on your journal concerns about the new payroll system, richard96.
Currently, QuickBooks Online (QBO) Payroll Core does not support the automatic creation of journal entries for employment allowance ( available in the Standard service). I see how vital this feature is for your business and other users and incorporating it into the program will benefit a lot of customers. Let's send requests to add this functionality to the payroll service directly to our engineers for consideration in future updates.
Here's how:
In addition, you can also share how you'd like the program to work by going to the QuickBooks Idea Exchange Board page: Here's how:
Take a look at this resource for helpful information on how to retrieve different payroll reports and modify them according to your preferences: Setting up reports to customise, run, and share.
Feel free to visit the Community again if you need guidance navigating QuickBooks or have other product concerns and questions. We'll get back to help you the best that we can.
Oh dear. Another spectacular own goal by Core Payroll. Creating more work for everyone is hardly selling this 'upgrade' to my clients.
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