I'm sure the answer is right in front of me but I'm having a hard time figuring this out. I use the QB Payroll directly through QB Online to pay 4 employees. The payroll is logged in my QB. Our business bank account (where the checks are cut from) is linked to our QB Online. For some reason, the payroll is not matching to the checks going out. How do I match the transaction as right now, it's looking like we are paying twice the payroll (QB is logging Gross Payroll and Bank Register is showing Net Payroll taken out and then Taxes Separately). Please advise.
Thanks for joining this thread. Allow me to help and provide some insights about matching payroll and banking transactions in QuickBooks Online (QBO).
QBO will not automatically match the direct deposit payroll since the transactions downloaded from your bank is a whole amount of your Direct deposit. While in the bank register, it will post each paycheck amounts.
To match both transactions, you can follow the steps provided by my colleague Angelyn_T on her post.