For example, the file needs to contain employees with weekly or monthly schedules, but not both. If you are running both weekly and monthly payroll, select the FPS file with the highest number of employees. You can add the missing employees later.
- During the move to QuickBooks Online, payroll liability and expense accounts should be renamed to be easily identified once imported.
For example, Payroll Expenses could be named Payroll Expenses (imported) and Payroll Liabilities could be named Payroll Liabilities (imported). This ensures QuickBooks Online can create new payroll expense and liability accounts when running your first payroll.
The old payroll accounts can also be renamed in QuickBooks Online after migrating, if you have not done so already, please do this now.
- When you run your first payroll, you will be asked to select a ‘Net Pay’ account.
This is the bank account to which QuickBooks Online Standard Payroll will post the net wage expense for each individual employee. Please set up your bank account before creating your first payroll.