cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Created with Sketch. Need to update your account details or payment information for QuickBooks Desktop? Click here for our step-by-step guide.
Created with Sketch. Need help running payroll? Watch our video or read the guide in our Product Tutorial.
Created with Sketch. Learn how to create and match bank rules in our video guide.
Created with Sketch. Get help with your T4A and T5018 forms.

Reply to message

View discussion in a popup

Replying to:
Level 15

Reply to message

Here is how I do it:

I set up a Bank Type account in QB and name it Payroll Clearing. The Net Paychecks that will be EFT (ACH) are "From" this account. Now payroll clearing is Negative a total.

In my bank's ACH site, I create a recurring Template listing everyone participating with their routing and account info. I log in and update the values with the current Takehome pay and initiate. This is the same total = I made no typos.

In QB, that Total is an entry as a Transfer, from Real Checking to Payroll Clearing. This matches the statement activity for Real Checking and Payroll Clearing = 0.

View solution in original post