Employees and payroll
We can update your payroll settings to map your deductions correctly, Jill. I'm here to outline the detailed process.
In QuickBooks Online, you can adjust your accounting preferences to allocate the amounts to the correct accounts. This also ensures that income is accurately reflected on your Profit & Loss statement. Here's how:
- Go to the Gear icon.
- Select Payroll Settings under Your Company.
- In the Preferences section, click Accounting Preferences.
- Select Edit ✎ to update a specific section.
- Enter the account name, or scroll to choose which account the transactions should go to.
- Click Save, then Done.
Moreover, I'll be sharing these handy resources that will guide you in managing deductions and payroll reports for your employees:
- Set up, change, or delete employee-paid payroll deductions
- Run payroll reports in QuickBooks Online Payroll
Explore QuickBooks Payroll if you're interested in streamlining your payroll processing. Time-tracking features and faster direct deposits can be a game-changer for your business.
If you have any additional inquiries or need further assistance managing your payroll accounting preferences, our team is always available to help.
