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Join nowHi bbranchick-gmail!
I know how how to create an expense account. Let me share it with you.
Before I'll provide the steps, please note that QuickBooks Online will automatically create all the payroll-related accounts after setting up the payroll. You may review your Chart of Accounts by going to the Accounting menu and select Chart of Accounts.
Another way to check it is by pulling up the Journal report. You can search and select it on the Reports menu. This will show you the affected accounts for all your transactions.
Now, if you want to set up your own income tax expense accounts, follow these steps:
You'll want to review your preferences to make sure your transactions were tracked correctly. Check these links to learn more:
Need more help? Leave a comment below and we'll respond as soon as we can.
AlexV
The question was about Income Taxes, not payroll taxes.
Businesses have to pay Federal and State income taxes on their profits.
I believe that the question was related to those income tax payments.
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