Payroll

kentsimms-icloud · ‎September 05, 2024

I just ran employee payroll for tomorrow. How do I see the total amount that will be deducted from my bank account?

Maybelle_S · ‎September 05, 2024

Thank you for getting back to us and clarifying your concern, Kent. I appreciate your diligence in reviewing the Payroll Summary report.

To clarify, only the net pay amount, the total paid to employees after taxes and deductions, will be deducted from your bank account. The Payroll Summary report shows the employee and employer taxes, which are paid separately to tax agencies.

However, if you're using auto-pay for taxes, tax amounts are included in the withdrawal from your bank account.

Additionally, visit these materials about creating, managing, assigning, or updating pay schedules and running payroll in QuickBooks:

You can also manage your payroll items if you want to view, edit, or remove pay items from employees.

If you have more questions about payroll reports in QuickBooks, please add them in the comments. We'll work together to find a solution.

View solution in original post

Maybelle_S · ‎September 05, 2024

Tracking payroll expenses is crucial, Kent. I’m here to help you see the total amount that will be deducted from your bank account.

In QuickBooks Online (QBO), you can run the following reports to see the total deductions from your bank. This will provide a clear summary of all amounts to be debited.

Payroll Summary Report
Payroll Details Report
Paycheck History Report

The Payroll Summary overviews payroll expenses and totals per pay period, with deductions in the Net Pay column. The Payroll Details provide a breakdown of transactions and deductions, while the Paycheck History lists all issued paychecks for total confirmation.

To run these reports:

Go to the Reports menu.
Type Payroll Summary, Payroll Details, or Paycheck History in the search bar.

For more details, see this link: Run payroll reports.

Additionally, this page contains topics handling payroll-related tasks in QBO: Payroll guide. Choose an article to see the complete details or troubleshooting steps.

Tag my name if you have additional questions about viewing payroll totals in QuickBooks. I'll be more than happy to help.

kentsimms-icloud · ‎September 05, 2024

Thank you for the response. Just to clarify, in the Payroll Summary report, I see net pay per employee plus employee and employer taxes. If I add those, will that be the deduction from the bank?

Thank you,

Kent

Maybelle_S · ‎September 05, 2024

Thank you for getting back to us and clarifying your concern, Kent. I appreciate your diligence in reviewing the Payroll Summary report.

To clarify, only the net pay amount, the total paid to employees after taxes and deductions, will be deducted from your bank account. The Payroll Summary report shows the employee and employer taxes, which are paid separately to tax agencies.

However, if you're using auto-pay for taxes, tax amounts are included in the withdrawal from your bank account.

Additionally, visit these materials about creating, managing, assigning, or updating pay schedules and running payroll in QuickBooks:

You can also manage your payroll items if you want to view, edit, or remove pay items from employees.

If you have more questions about payroll reports in QuickBooks, please add them in the comments. We'll work together to find a solution.

kentsimms-icloud · ‎September 05, 2024

Thank you!

Rasa-LilaM · ‎September 05, 2024

Thank you for coming back to the Community, Kent.

I'm glad to know that my colleague's solution regarding the information displayed on the Payroll Summary report helped resolve your issue. It inspires us to keep working hard to deliver the best solutions for our customers, ensuring you have the best experience with QuickBooks.

If you need to update your payroll category and bank, you can find detailed instructions by clicking the links below:

Don't hesitate to visit the Community if you require further assistance managing your payroll and other QuickBooks-related concerns. We're always ready to lend a helping hand.

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