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needing to know how to correctly account for partial paycheck. I actually pay myself a standard paycheck as with our standard employees. Here's the tricky part: I have it set up for our BANK to auto deposit a flat $300.00 every week to my personal account from the business account as my paycheck. However, my paycheck is for more than the $300.00 but I never actually receive the full amount. How do I account for the remaining balance?
example: paycheck = $410.00, money withdrawn = $300.00, $110.00 to remain in company bank account for business use.
So, my bank statement shows the $300.00 but my QB payroll shows the $410.00.
I think QuickBooks is taking out your federal taxes. I pay myself $400 per week. I would print out a hard check each week. The amount of the check was for $344. I didn't have direct deposit until yesterday.
My new check amount is $322. Because my state withholding is now being taken out.
I don't know how to pay the taxes though.
I'd be glad to help you pay your payroll taxes, Frank.
You just need to follow these steps on how you can create a tax payment in QBO:
You can also sign up for e-services so you can pay your taxes electronically. Here's an article as a guide: Pay And File Payroll Taxes Online.
Feel free to check out these additional articles as more for more details about tax payments:
Let me know if you need more help when running payroll in QuickBooks.
Hi I'm using Intuit payroll and direct deposit, I can see paychecks, and have paid the taxes and filed the returns but when I use bank feeds to import the bank transactions.
Hi, @Audimc.
I admire you for outlining the details of your concern. Let's work hand in hand so you can sort out this issue one at a time.
To start, we can set up or enroll in E-File & E-Pay to electronically file and pay your payroll taxes in QuickBooks Online Payroll. You can view this reference for a more detailed step-by-step procedure: Set up e-file and e-pay in QuickBooks Online Payroll.
Also, we can track the status of our payroll tax payments submitted through QBO. For more information about this, here's an article you can read: Check e-file or e-pay status.
Moreover, I recommend contacting our QuickBooks Online Payroll Support Team to assist you with this matter further. They have tools to check into your account in a safe environment, check why your check shows zero balance, and give possible fixes to handle these taxes.
Here's how:
Please know that when contacting our support, ensure to reach them during their available hours.
Stay in touch if you have any other payroll-related questions or concerns. I'll be right here to answer them for you. Keep safe always.
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