Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Search instead for
Did you mean:
Announcements
The QuickBooks Community will be unavailable for approximately 1 hour beginning at 10:00 PM PDT on Wednesday, August 14th for database maintenance. All community forums will be unavailable during maintenance but feel free to browse our Support articles for help in the interim.
I am setting up a new company that has already posted payrolls this year. I used the payroll wizard to enter all of the accumulated data and then realized it was not affecting the bank account for reconciliation. I found under the paycheck info the option to have the transactions affect the bank account and it worked perfectly. However, when I use that same option under the payroll liabilities they do not appear in the reconciliation. I am at a complete loss how to get them to appear in the bank account when the selection "affect bank account" does not work. Help!
Your payroll liabilities are cleared when they are paid, which means they are booked to the payroll liability accounts when payroll is processed and then cleared when the payroll liabilities are paid.
So essentially the recording of your payroll liabilities does not impact your bank account, the payment of those liabilities impacts your bank account.
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.