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Level 1

Can i change the account that payroll is issued from after it is processed

payroll was issued from the wrong account in quickbooks
2 Comments
QuickBooks Team

Can i change the account that payroll is issued from after it is processed

Let me provide some insights about changing the account for payroll in QuickBooks Online, @wp38.

 

The option to change paychecks directly to another bank account is unavailable. In this case, we can enter the payroll checks manually as journal entries so you can utilize them to reconcile the account.

 

You can either merge all of the employees' paycheck totals into one journal entry or create a separate transaction for each employee. To make sure the amounts are correct, you can access a payroll report for reference.  

 

Here's how: 

  1. Sign in to your QuickBooks Online account.
  2. Go to the  + New.
  3. Click Journal Entry.
  4. Under the Journal date, enter the paycheck date.

 

For additional information about how to enter the debits and credits for wages and taxes, please refer to this article: Manually enter payroll paychecks in QuickBooks Online.

 

I also encourage you to consult an accountant on what specific accounts to use to record the transaction. This is to ensure the accuracy of your books. 

 

I've also added some links about the tips and guide on how payroll works in QuickBooks:

 

Don't hesitate to let me know if you have other concerns. Simply click the Reply button below to add a post. Stay safe and have a nice day.

QuickBooks Team

Can i change the account that payroll is issued from after it is processed

Hi Customer, @wp38.

 

Hope you’re doing great. I wanted to see how everything is going with your concern about changing the account for payroll you had the other day. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

 

Looking forward to your reply. Have a pleasant day ahead!

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