We do payroll in QuickBooks so there is a record every week in payroll expenses. My question is when I'm entering expenses using the bank statements, the payroll checks are listed just like any other expense, am I suppose to enter those payroll checks as an expense or are they already in the records as an expense?
The payroll amount on your bank feeds is not just categorized an expense. It's split into multiple Liability and Expense accounts. Thus, I'd suggest recording your payroll transactions through the Payroll function in QuickBooks first. Then, you can match them with the transaction in the Bank Feeds Center.
On the other hand, the Bank Feeds Center suggests an account for every downloaded transaction. In this case, an expense account for your payroll. However, we still need to categorize them correctly, so they post to the correct registers.