Thank you for being a part of this conversation, @RachelR42.
Let me share some insights into handling the paycheck posted to the wrong account.
If the payroll bank account you use was incorrect, we can void or delete the transaction. Then, modify the account with the correct one. For detailed steps, you can utilize this resource: Change your payroll bank account. After, you can simply issue a paper check for your employee to receive the pay on time.
If it's the correct account but was posted to the wrong bank, let's ensure to correct this on your payroll preference. Then, enter payroll manually as journal entries. To ensure the accuracy of the amounts, you can generate a payroll report as a point of reference. This will allow you to utilize the information during the account reconciliation process.
To create a Journal entry, follow the sequential steps provided below:
- In the left menu, select the + New icon.
- Choose the Journal entry.
- Enter the paycheck date, under the Journal date.
- Fill out the necessary information.
- Click Save and Close.
I suggest checking with your accountant on what specific account to use when recording the transaction to verify the accuracy of your books.
I've also added these articles to help manage your payroll transactions in QuickBooks:
Should you have any further inquiries about the payroll check, don't hesitate to post a comment. I'll be here to provide you with assistance. Take care!
