I'm here to help you fix where the Direct Deposit should post. I'd like to know the detailed process of why it's was recorded to the wrong account but processed with the right account. Is the correct bank linked to the wrong bank name in the Chart of Accounts? Any additional details will be much appreciated.
For now, You can change it to the correct bank and create a Journal Entry. Enter the payroll checks manually as journal entries so you can use them to reconcile the account.
You can either combine all of the employees' paycheck totals into one journal entry or create a separate transaction for each employee. To make sure the amounts are accurate, you can run a payroll report (Payroll Details, Payroll Summary, or Payroll Summary by Employee) for reference.
How can I edit a direct deposit payroll that has already been processed? The money came from the right acct, but is recorded in the wrong account
We temporarily changed which account payroll funds were drawn from (PPP) and once the appropriate amount was used, we switched it back. I didn't realize I had to switch the drop down because I had set the direct deposit in the settings so I thought I was set.
I'm worried about the journal entry because of all the taxes..etc that it will be creating duplicate entries for those items.
Could I void the 3 paychecks in questions and re-enter them for the correct pay periods or will that trigger a duplicate payment and DD more money into the employee's account?