How to record a transaction using accrual method? Eg: August Salary , paid in September. In august is a current liability, then, when paid it becomes an expense.

simone3 · ‎September 26, 2019

To record salaries, I've been suggested to use "bills".

While I try to record a "bill" for salary using the category wages expenses, the system automatically record related liability under the generic "account payable". In my case, our accounting standards, would need to record "Unpaid salaries" using a customized account under "current liabilities".

Is it possible to customize this?

RCV · ‎September 26, 2019

Hi there, Simone.

The payroll feature in QuickBooks Online (QBO) International version is unavailable. We only offer payroll service in QBO United Kingdom, Australia, United States, and Canada regions.

Also, you can only use an accounting method for income and expenses when running reports. For more details about this, you can check out this article: Choose between cash and accrual accounting methods in reports.

As a workaround, you can record the transaction through a journal entry. Then, please consult your accountant on what posting account you'll need to use when recording the salary.

You might want to look for a payroll app provider in the website that integrates with QBO International version.

I have an article here about understanding cash and accrual method: https://community.intuit.com/articles/1790574.

Just reply to this post if you need anything else with recording transaction in QBO. I'm here to help.