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Karen RM
Level 2

payroll expense not showing up on P&L

Hi All:

I just noticed that the Paid Family & Leave Act payroll liability isn't showing up on the P&L along with the other payroll liabilities.  It's a MA payroll tax that the employer has been paying for over a year.

Any ideas why?

Thanks.

Karen M

 

 

1 Comment 1
AlcaeusF
Moderator

payroll expense not showing up on P&L

Hello @Karen RM,

 

Thank you for dropping by here in the Community. I can provide information about the report in QuickBooks Desktop.

 

Profit and Loss will show all your income and expense accounts in the company file. This report includes your payroll expenses, like the tax payments.

 

How data reflects will depend on the expense account selected for your payroll items. Ensure the setup is correct for the tax payments to post to the correct account (see screenshot below).

 

1.JPG

 

If you're referring to payroll liabilities, I recommend Balance Sheet. The report can pull up data for this information.

 

Also, make sure to select the correct accounting method (cash or accrual), date range (date should match tax payment dates), and customizations of the report. One of what I've mentioned may be affecting the result.

 

I've attached a link you can visit to learn how to display yearly data in a Profit & Loss report: Customize company and financial reports.

 

Please let me know if you need anything else regarding running financial reports or managing output data. The Community and I will be here to help you. Have a great day.

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