Hello, dwolfe,
I'm happy to help share information on how to handle accrued payroll in QuickBooks Desktop.
Based on the information you've provided since those are from last year, it shouldn't affect the current calendar year and shouldn't be recorded upon setting up payroll for the current year.
What you can do is to create a liability account and enter an opening balance on how much was payable. To set up a Liability account, here's how:
- From the Lists menu, click Chart of Accounts.
- In the Chart of Accounts, right-click anywhere and select New.
- In the Add New Account screen, click the Other Account Types radio button and from the drop-down and choose either:
- Other Current Liability: for short-term loans payable over one year.
- Long Term Liability: for long-term loans payable over a longer period.
- Click Continue.
- Enter a name and number for the account.
- Click on Enter Opening Balance button, then enter amount.
- Click OK.
- Click Save & Close.
Once done, you can now write a check and pay the liability.
Additionally, I'm attaching some articles that you may find helpful in the future:
If you have any other questions about payroll, please let me know by replying below. I'm more than happy to offer additional assistance.
