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The Payroll Expenses from the Profit and Loss report shouldn't match with the amount from the Payroll Summary, mainstreetnurser.
The P&L statement in QuickBooks Online shows your total income, your gross profit, expenses and your net income or loss. While the Payroll Summary report only summarizes the paychecks you’ve created, including total wages, taxes, and deductions.
You can click on the number in the totals column to get a detailed transaction list for that Payroll Expenses. And, compare the entries from the Payroll Summary report.
Please know that your Payroll Expenses from the preferences tracks your payroll wages, taxes, deductions and company contributions in your Chart of Accounts to meet your accounting needs. Check out this article for more details about this: Learn how to manage your payroll accounting settings to track your payroll transactions.
You can run other payroll reports as well to check other transactions. I'm adding this article to see what other report to pull up: Learn how to run, print, and customize payroll reports in QuickBooks Online Payroll.
Let me know if you have additional questions by commenting below. I'll be around to help you.
thereare non legal payments generated by quickbooks in the column payrolls expense
when i choose the column in profit and loss payroll expense there are quickbooks generated non legal payments.
Let's take a look and find out what these generated non-legal payments that you're referring, mainstreetnurser.
Generally, QuickBooks Online Payroll automatically creates default accounts where your payroll liabilities and expenses are recorded. You can customize how you track your payroll expenses in your chart of accounts by recording it in a different register so you can meet your accounting needs. To add or edit your payroll account register, follow the steps below:
Then, update your payroll accounting preferences. Here's how:
To change past transactions:
Please know that for payroll expenses and liabilities, QuickBooks won't allow you to use a different account type such as Cost of Goods Sold. To make sure you'll be able to view useful information about your business and employees, I've added this article that provides a list of payroll reports that you can use: Run Payroll Reports In QuickBooks Online Payroll.
If there's anything else that you need help with your payroll, let us know so we can further assist you.
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