It's all about how you map each payroll item to the proper account, @Cameronroofing93. Getting that mapping right ensures your financial reports reflect the true nature of each expense. We can verify this in the Payroll settings to confirm if the mapping is correct.
- Go to the Gear icon.
- Select the Payroll settings.
- Scroll down and choose Accounting and hit the Edit pencil icon.
- Review the mapping for Company Contribution Expense Accounts.
- They should be associated with an expense account specifically for employer-paid benefits, not Wages.
- Hit on Save.
- Scroll down to the Update transactions section and click on the pencil icon.
- Choose a date range for paychecks that are affected.
- Click on Save to
After this, go back to your Profit & Loss report and click on the Wages amount. This will show you the details behind that figure. Sometimes, other transactions might be included, which can make the total seem larger or appear duplicated.
Let us know if you have further questions. We'll be right here to help you anytime.
