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belindabot
Level 2

How do I input my RTI full payment submission(FPS) onto QuickBooks, im using payroll manager 20 by Microsoft, I have tried to import it but its not supported by qb?

 
1 REPLY 1
MaryLandT
Moderator

How do I input my RTI full payment submission(FPS) onto QuickBooks, im using payroll manager 20 by Microsoft, I have tried to import it but its not supported by qb?

Good day, belindabot,

 

I'm glad to show you how to enter those paychecks from Payroll Manager 20.

 

You'll want to enter those payments as journal entries to track your payroll and account date made outside QuickBooks Online. To do so, let me walk you through manually recording them:

 

Step 1: Create manual tracking accounts t track your payroll liabilities and expenses.

 

Create these expense accounts. Select Expense as the account type:

  • Payroll Expenses: Wages
  • Payroll Expenses: TaxesCreate

Create these liability accounts. Select Liabilities as the account type:

  • Payroll Liabilities: Federal Taxes (941/944)
  • Payroll Liabilities: Federal Unemployment (940)
  • Payroll Liabilities: [State] SUI/ETT
  • Payroll Liabilities: [State] PIT/SDI

Step 2: Enter the payroll paychecks into QuickBooks Online

  1. Click + New, then choose Journal Entry.
  2. Under the Journal date, enter the paycheck date.
  3. If you want to track the paycheck number, enter it in the Journal no. field.
  4. When you're done entering the debits and credits, select Save.

I also suggest consulting your accountant to know what accounts to debit or debit on your entries.

 

I've added a screenshot below for your visual guide on how to enter each paycheck on a separate line.
createJEtorecordpaycheck.PNG

 

Keep me posted if there's anything else you need. I'm always right here to help.

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