This is ridiculous.  Several people are asking simply how to set up the account in the chart of accounts, NOT how to create a JE.  I have the same question but these answers are just not helpful.  My client has employees.  She uses an outside payroll vendor. She also uses an outside 401k vendor. I need to know where to put the transactions when they come through the bank feed -- is it a liability account?  Why do you keep telling us how to build a watch when we're just asking what time it is???