What does payroll clearing mean from my tranaction report

tamk161 · ‎December 31, 2019

Candice C · ‎December 31, 2019

Hey there, @tamk161.

We're glad to have you here in the Community. Let's get a handle on what "payroll clearing" means in a transaction report.

To determine the best explanation on this term, I'll need you to provide me with what type of transaction report you're using.

Once you've given me this information I'll be able to better assist you. I'll be waiting for your response.

Candice C · ‎December 31, 2019

Hey there, @tamk161.

We're glad to have you here in the Community. Let's get a handle on what "payroll clearing" means in a transaction report.

To determine the best explanation on this term, I'll need you to provide me with what type of transaction report you're using.

Once you've given me this information I'll be able to better assist you. I'll be waiting for your response.

tamk161 · ‎January 29, 2020

It's on my yearly balance sheet

tamk161 · ‎January 29, 2020

what is payroll clearing on my yearly balance sheet

MJoy_D · ‎January 29, 2020

Thank you for the response, @tamk161.

Payroll Clearing is a default liability account for your payroll liabilities, such as taxes and deductions you withhold from your employees' pay.

See the following article to know more about the balance sheet report: What is a Balance Sheet report?. In case you'll encounter problems with this report in the future, here's an FAQ: Basic troubleshooting for balance sheets article.

Let us know if you need further help with your balance sheet report. We're always here to assist. Have a wonderful day!

Topics