AldritchM
QuickBooks Team

Account management

We would like to thank you for coming to our Community page, @Dhammy3.

 

I'll help you correct your records so that your payroll and tax payments show as coming from your Checking Account instead of your Cash Account. Aside from that, we'll set your Checking Account as the default account for payroll, ensuring that all future transactions are posted through it.

 

To create a journal entry:

 

  1. Go to the +New icon.
  2. Select Journal entry.
  3. Fill in the fields needed.
  4. Click on Save and Close.

 

To update the bank account in the payroll settings:

 

  1. Go to the Gear icon, then click on Payroll Settings.
  2. Tap on Accounting.
  3. Choose your bank from the Paycheck and payroll tax payments section.
  4. Click Save and Done.

 

You can also check out the resources provided in this link for additional tips on managing your payroll accounting settings with QBO: Change your accounting preferences in QuickBooks Online Payroll.

 

If you have any other issues or questions regarding payroll, feel free to reply. I'm here to help!