Thank you for returning to thread, iDoc1600.
I'm here to add some information about the payroll data and how it appears in your Profit and loss report.
As my colleague previously mentioned, the flow of payroll data in your Profit and loss report is determined by the default account mapping and the type of transactions.
For Expense or Other Expense:
- Wage Expense
- Company Contribution
- Employer Taxes
- Payroll Expenses
For Other Current Liabilities:
- Payroll tax payable
- Federal and state taxes
- Local income taxes
- Payroll deductions
- Health Insurance Premiums
- Retirement Plans
- Garnishment
Here's a link to a short video explaining the Profit & Loss report: Understanding Profit & Loss Statement: Income, Cost of Goods.
You can also learn how to personalize your financial reports to get more insights about your payroll wages: Customize reports in QuickBooks Online.
I'll be checking this thread if you still have other concerns about payroll wages and expenses. Take care and have a wonderful day!
