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Anonymous
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Payroll expenses expense allocations

I just recently started doing payroll in QuickBooks, and after a couple of check runs, I find that the expenses are not being allocated correctly. Namely the employer expenses. These appear to be lumped into "Payroll Expenses" and the President wants me to allocate them to their correct expense categories. Is this something I can configure in Quickbook payroll, or do I need to be making journal entries every check run to properly allocate these expenses? I'm specifically concerned with Federal Unemployment, Medicare, Social Security and state unemployment and E&T Assessment fees. Owner costs.

 

Thank you for your help in this matter.

Solved
Best answer 06-06-2018

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QuickBooks Team

Payroll expenses expense allocations

Hello RClay,

 

Thanks for contacting Community!

 

There isn't currently a way of adjusting the accounts used on the payroll Journals in the settings. You would need to manually change the accounts which the Journals are posting against, being able to set these in the settings would be useful I would suggest leaving feedback through the Cog Wheel under Feedback. You may also find this article for recording Payroll Liabilities useful.

 

Please let me know if there is anything else I can help with.

View solution in original post

1 REPLY 1
Highlighted
QuickBooks Team

Payroll expenses expense allocations

Hello RClay,

 

Thanks for contacting Community!

 

There isn't currently a way of adjusting the accounts used on the payroll Journals in the settings. You would need to manually change the accounts which the Journals are posting against, being able to set these in the settings would be useful I would suggest leaving feedback through the Cog Wheel under Feedback. You may also find this article for recording Payroll Liabilities useful.

 

Please let me know if there is anything else I can help with.

View solution in original post