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ac-control
Level 2

RUN ADP Payroll categories - General Ledger setup

From RUN ADP Payroll General Ledger setup there are 5 categories related to Social Security:

 

Under "Payroll Expenses"

1. Social Security (Employer)

2. Social Security (Employer Credit)

 

Under "Payroll Liabilities"

3. Social Security 

4. Social Security (Employer)

5. Social Security (Employer Credit)

 

My questions are:

1. What is the difference between these categories?

2. What is the difference between these categories with respect to "Payroll Expenses" and "Payroll Liabilities"?

3. With respect to the chart of accounts, how should these be categorized?

4. With respect to IRS form 1120-S, how should these be categorized?

 

Thank you.

 

2 Comments 2
JessT
Moderator

RUN ADP Payroll categories - General Ledger setup

Welcome to the QuickBooks Community, ac-control!

 

I understand that you are in the ADP Payroll interface now, so it's best to contact their support regarding the accounts you see in their setup. However, I'll share the general information because we also have these accounts in QuickBooks.

 

Payroll Liability accounts are used to keep track of payroll expenses you owe to an agency, such as taxes, insurance, garnishment, etc. Therefore, having balances in the liability accounts means you still owe money to the agencies. On the other hand, Payroll Expense accounts are literally accounts used to keep track of all your payroll expenses, including taxes. Anything you spend for payroll.

 

You can check out this article for your additional reference: Learn about the chart of accounts in QuickBooks. Expand the See which accounts QuickBook sets up for you section.

 

Let me know if you have more questions about accounts or anything about Intuit products. Take care and have a good day!

ac-control
Level 2

RUN ADP Payroll categories - General Ledger setup

JessT,

Thank you for your response.  Hopefully someone who is familiar with ADP can add to your response.

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