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ccolem
Level 1

Paying payroll and payroll taxes from different bank accounts

I recently switched to the online version from the desktop and I am struggling still with figuring out several features that are honestly a lot more limited (regretting the switch within the 1st month).  One of these is that I have 2 bank accounts.  I use one for all my payment and operating expenses and the other is solely for withholding taxes, which I just transfer money over into from every paycheck.  I have always ran the tax payments directly out of that account and everything else out of my Operating account.  I just made my first payroll tax payment with the online version and even though I set it up to withdraw from the tax account, which it did, it recorded it in the operating account!!  Why would it do that?  Now my register is way off and I can't figure out how to change it.  In looking at settings to change the account it registers on, I don't know if I can as the selection is for Payroll Checks and Taxes.  How do I fix this? 

1 Comment 1
KayePe
QuickBooks Team

Paying payroll and payroll taxes from different bank accounts

We appreciate you for posting here in the Community, @ccolem. Let me help you regarding the accounts for payroll taxes in QuickBooks Online (QBO).

 

Note that in QBO, we can only use a single bank account for creating paychecks and sending tax payments. However, once we complete pending transactions, we can switch back and forth between different bank accounts. For payroll settings, we can only map one bank account for employees' paychecks and payroll tax payments. The operating account may be selected instead of the tax account, resulting in the transaction posted in the operating account. To fix this, I recommend contacting our support team. Follow the steps on how:

 

  1. In your QuickBooks, go to Help and click Contact Us.
  2. Have a brief explanation of your concern.
  3. Decide a way on how to contact us.

 

If you processed electronic tax payments in QBO, know you can't delete or edit them. You may also share this with the support team to guide you in correcting this. However, if you manually filed the payroll tax in QBO, you can cancel or delete payroll tax payments and forms.

 

Moving forward, you can switch accounts for the mapping of payroll in QBO. We see the hurdles with the limitations you're experiencing with QBO. With this, we recommend you send feedback to our development team. They will read your suggestions and may consider them for future updates.

 

On the other hand, you may check out this article as your guide to learning more about payroll taxes and forms in QBO: Understand the taxes and forms that QuickBooks payroll submits for you.

 

You can reply to this post for follow-up questions about your payroll taxes inside QBO. I'm here to assist you. Take care!

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