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Using quickbooks online, payroll is run bi-monthly. Quickbooks is automatically putting the DD info including taxes, gross salary, etc in Loan Payable. I don't want it there. How can I change this?
Changing your payroll accounting preferences is easy, mfaber.
Just follow the steps below and you'll be good to go:
If you still need to set up a payroll account,
Stay in touch with me if you have other questions.
Is there a way to have Quickbooks NOT post the direct deposit/taxes information to any account? I'd rather just do it manually when I import my bank account activity each month. We are a cash basis. Quickbooks is putting payroll taxes to a liability. I just want it to go to an expense when it's actually paid. I don't see this option in the drop down boxes.
Thank you for getting back to us here on the Community page, @mfaber.
At this time, we need to choose the desired account from the Accounting Preferences to track your wages, taxes, liabilities, and other payroll transactions accordingly. QuickBooks adds/puts the taxes to the liability account to track and know how much taxes you owed.
For more information about payroll accounting preferences, check out these articles:
Let me know if you have any other questions. I'm always here to help. Have a good day!
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