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Level 1

Payroll journal entry for bonus checks paid through bill pay

Office paid bonus checks through bill pay.  Payroll is done through third party and payroll is typically recorded in QB through journal entry.  How are the gross wages and taxes for bonus checks entered in QB if checks are paid through bill pay and are clearing bank individually?

 

Thank you.

4 Comments 4
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Anonymous
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Payroll journal entry for bonus checks paid through bill pay

Good day, @jatbookkeeper,

 

Thanks for getting in touch with us today. I can help you record your payroll in QuickBooks Desktop.

 

To get started with recording the journal entry, you'll need to make sure you set up a Payroll Expense account for the employee's gross pay and the Company-paid taxes for the Debit column. If you'd like to record the amount based on the tax breakdown, you can create a general payroll expense account then add the taxes as sub-accounts.

 

For the Credit column, set up a Liability account for the Payroll Liability (combined amount for employee and employer taxes) and the payroll bank account.

 

Once all set, you can now create the journal entry. Here's how it should look like:
 

 

That should help you record your payroll, @jatbookkeeper. Please feel free to let me know if you need further assistance. You got me here to help you out. Have a good day!

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Level 1

Payroll journal entry for bonus checks paid through bill pay

Hello,

 

Thank you for your answer.  The graphic for the journal entry is not accessible.  Would you be able to send again in different format?

 

Thank you!

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Level 1

Payroll journal entry for bonus checks paid through bill pay

Hello,

 

Thank you for responding.  The graphic you sent is not accessible or showing up.  Would you be able to send again in different format?

 

Thank you!

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Moderator

Payroll journal entry for bonus checks paid through bill pay

Hello and welcome to the Community, jatbookkeeper.

 

It will be my pleasure to help you with the graphic content from the post above.

 

I already consulted my colleague @Anonymous, and I'll be posting the screenshot on her behalf. Here's the screenshot she's trying to share to you:

 

 

The Community has your back anytime you have additional questions concerning Journal Entry. 

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