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Thanks for posting to the Community, @rjwbailey.
Currently, we're unable to use a liability account to be credited with employee's net pay. Instead, you can create a clearing account for payroll since QuickBooks only allows you to select a bank account.
Here's how:
That said, when you finish running payroll, you can then create a journal entry (JE) to transfer the balance to the liability account (director's loan). I'd recommend consulting an accountant if you need help in assigning accounts in JE.
Additionally, you can reference this article for the lists of the specific payroll reports: Run payroll reports.
Please feel free to comment below if you have more questions. I'll be around to help. Stay safe and well!
Thanks for posting to the Community, @rjwbailey.
Currently, we're unable to use a liability account to be credited with employee's net pay. Instead, you can create a clearing account for payroll since QuickBooks only allows you to select a bank account.
Here's how:
That said, when you finish running payroll, you can then create a journal entry (JE) to transfer the balance to the liability account (director's loan). I'd recommend consulting an accountant if you need help in assigning accounts in JE.
Additionally, you can reference this article for the lists of the specific payroll reports: Run payroll reports.
Please feel free to comment below if you have more questions. I'll be around to help. Stay safe and well!
Thanks - I thought it would require a 2-step process - sigh.
(by the way that link you gave is for the US version and I am in the UK and the payroll product is different... thanks anyway)
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