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Wnoce
Level 1

I need to update the accounts my payroll liabilities are being posted to.

I am going to Payroll settings> accounting >edit other liabilities and assets and the accounts I am looking for are not there.  How do I correct these accounts and/or add new accounts?

6 Comments 6
Ryan_M
Moderator

I need to update the accounts my payroll liabilities are being posted to.

Hi @Wnoce,

 

I'm here to lend you a hand with changing the accounts you use in payroll liabilities. 

 

The steps you shared above is correct. If the accounts you want to use don't appear as an option, I suggest you ensure they're set up correctly. It's supposed to be an Other Current Liabilities type of account and not the other one which is Long Term Liabilities

 

In this situation, follow the steps below to change the account type:

 

  1. Highlight the Accounting tab.
  2. Select Chart of Accounts.
  3. Locate the account in question.
  4. Click the drop-down menu under the Action column, then choose Edit
  5. Change the Account Type to Other Current Liabilities.
  6. Edit the Detail Type as necessary.
  7. Hit Save and Close when you're done.

More on this process are in this article: Set up Payroll account preferences. It provides the options you have for tracking wage expenses, as well as tax expenses. 

 

If you have other questions about your payroll setup, tag me in the comments below. I'll get back to you as soon as I can. 

Wnoce
Level 1

I need to update the accounts my payroll liabilities are being posted to.

  Under chart of accounts, I do have it listed as other current liabilities.  When I go into payroll settings, I need to update the accounts below and the only options I get on the drop down is:

  • Inventory Asset
  • Repayment
  • Uncategorized asset
  • Undeposited funds

 

I want to select a payroll liabilities account.

 

payroll.PNGpayroll 1.PNG

 

IamjuViel
QuickBooks Team

I need to update the accounts my payroll liabilities are being posted to.

Let me share additional information, @Wnoce.

 

When you add a payroll item, QuickBooks automatically creates default accounts you can record your payroll liabilities and expenses to. You can click the drop-down arrow and look for the payroll liability account and use it. I can guide you on how to do it.

  1. Go to the Gear icon.
  2. Choose Payroll Settings.
  3. Select the Preferences tab.
  4. Click the Accounting Preferences link.
  5. Locate the payroll deduction that has an incorrect liability account. 
  6. Click the drop-down arrow.
  7. From the Account List window, search for the corresponding liability account. 
  8. Click Ok.

Get back to us here again if you have other questions about managing your payroll-related transactions. I'm always here to help.

Wnoce
Level 1

I need to update the accounts my payroll liabilities are being posted to.

If you look at my previous reply, I do not have those options.  

MirriamM
Moderator

I need to update the accounts my payroll liabilities are being posted to.

Hello again, @Wnoce.

 

I appreciate you performing the solution provided by my colleagues above, and updating us about the outcome of the steps. 

 

Allow me to provide insights about it and give an alternative on how to resolve this. 

 

To start, let's double-check if the Other Current Liabilities account listed as active on your Chart of Accounts. Here's how:

  1. In the left menu, click Accounting
  2. Go to the Chart of Accounts tab.
  3. Click the Gear icon above the ACTION column, then, checkmark Include inactive.
  4. In the search bar, type in Other Current Liabilities.

If it shows, Make active in the ACTION column, this is the reason why it's not showing on the Account List. To fix, click the Make active link. Then, go back to the payroll settings again to update the account. 

 

However, if you continue to get the same result, I recommend contacting our Customer Care Team. They have the tools to pull up your account to investigate the cause more closely and find another solution to fix the problem.

 

To learn more about our contact options and support availability, see this article: QuickBooks Online Support.

 

Moreover, I don’t like to leave you empty-handed, you'll want to visit our Community Help Articles hub in case you need some related articles in managing your account.

 

As always please let me know how this goes or check back if you need help with QBO. Have an awesome day!

Wnoce
Level 1

I need to update the accounts my payroll liabilities are being posted to.

Thanks for everyone's help.  I  contacted support and they were able to correct this issue for me.  

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