Can I edit the bank ledger to the correct account

I'll walk you through updating this information in QuickBooks right away,Kristie6040.

You can change the bank account that was set up in your QuickBooks Online Payroll account. Let me guide you how:

1. Click the Gear icon, then select Payroll Settings.
2. Select Company under Bank Accounts.
3. In the Connect your Bank account page, select Update.
4. Select Connect using your routing and account numbers to enter new bank account information.
5. Enter your new bank account information, then select Submit.
6. Review the info about verifying your bank account, and select OK, got it.

Within 2-3 business days, we'll verify your new account with a test transaction. After you see the cleared test transaction in your bank statement, open QuickBooks Online and sign in. Then, follow these steps:

1. From the left menu, select Workers (or Payroll) and click Overview.
2. In the TO DO list, find the Check your bank account item select Edit.
3. Click Verify Amount.
4. Enter the amount of the test transaction (no decimals) in the Debit amount field and re-enter it in the Confirm debit amount field.
5. Select Verify.

Now that your bank account is verified and ready to use with your payroll service, the last step is to change your bank account in your accounting preferences. This will ensure your payroll transactions and tax payments post to the correct account in your books. For more info, please refer to this article: How to Change Bank Account in your Accounting Preferences.

Also, I'd recommend reading this article for more details about changing your payroll bank account: Change your payroll bank account (expand the QuickBooks Online sections). 

Need to check your employee's year-to-date data and other payroll details? You can achieve that by running a variety of payroll reports. This article can guide you through the process: Run payroll reports.

In case you'll need assistance in switching your payroll bank account, don't hesitate to get back on this thread. We're always here to help you.

Thank you

I have already  update QB to reflect this new account. The problem is, I neglected to switch this information over to the new account when I entered payroll. All the checks were processed from the correct account, but all the checks posted to the old/wrong bank ledger in QB... 

since they are posting to the wrong bank ledger ( the old account) how do I correct this so that they are posting to the correct bank ledger(the new account) in QB

Did you ever find the answer to this problem? I am having the same issue.

Hello, any updates on this topic?

Hi there, carde.

I understand the importance of rectifying the payroll transactions posted under the wrong account. I'm here to help you transfer the paychecks to the right bank account.

Please know that we're unable to move paychecks directly to another bank account. As a workaround, you'll need to enter the payroll checks manually as journal entries so you can use them to reconcile the account.

You can combine your employees' paycheck totals into one journal entry or create a separate transaction for each of them. To ensure the amounts are accurate, run a payroll report (Payroll Summary, Payroll Summary by Employee, or Payroll Details) for reference.

Here's how:

1. Click + New on the left panel.
2. Select Journal Entry.
3. Under the Journal date, enter the paycheck date.

For more details about how to enter a sample paycheck along with the debits and credits for wages and taxes, refer to this article: Manually enter payroll paychecks in QuickBooks Online.

I also recommend conferring with an accountant for the specific accounts to use. This way, we can ensure that the transactions are recorded correctly for the accuracy of your books.

I've also attached some resources about tips and guide to reconcile an account:

• Reconcile
• Year-end reconciliation

Do get back to me if you have other concerns about transferring payroll to the new account. I'm always here to back you up. Stay safe.