JessPhilly, I appreciate your response to the thread. We'd be glad to provide you with additional information about your concern.
You're on the right track in handling the consolidated bill in your QuickBooks account. With regards to recording journal entries, please know that these are the following accounts that you can only use for the employees:
- Payroll Expenses: Wages
- Payroll Expenses: Taxes
- Payroll Liabilities: Federal Taxes (941/944)
- Payroll Liabilities: Federal Unemployment (940)
- Payroll Liabilities: [State] SUI/ETT
- Payroll Liabilities: [State] PIT/SDI
Check out this article for further details: Manually enter payroll paychecks in QuickBooks Online.
Additionally, I advise contacting your accountant for help with appropriate financial records if you're unsure how to classify the transaction.
The following articles can be helpful as you manage your journals moving forward:
We're always rooting for the success of your business, JessPhilly. Please keep us posted if you have further questions or need assistance with other QuickBooks-related concerns. Have a nice day and take care!
